What is a business secret?

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Any undisclosed information that a natural person or legal entity legitimately holds, that may be used in any productive, industrial or commercial activity and is capable of being passed on to a third party shall be considered a business secret in so far as the said information is:

– Secret not generally known / accessible: secret, in the sense that, as a whole or in the precise configuration and combination of its elements, it is not generally known or readily accessible to those who move in the circles that usually handle the information concerned;
– Commercial value: of commercial value due to its secrecy; and
– Reasonable measures: made the subject of reasonable measures on the part of its legitimate holder with the view to keeping it secret.

The information constituting a business secret may relate to the nature, characteristics or purpose of goods, to production methods or processes or to means or methods of distributing or marketing goods or rendering services.