A trade secret is something that gives your business a competitive advantage over other businesses in the same industry. It includes unpatented inventions and products, nonpublic documents, such as blueprints or test data, and other sources of unique information that other companies don't have. When facing business litigation, it is important to protect your trade secrets to keep your competitive edge. How can you ensure your trade secrets will remain unknown to the public and the competition?
While many people think business litigation and commercial litigation are the same thing, there are important differences between the two. However, they often overlap in the areas they cover, and most attorneys who practice one will also practice the other. While business law focuses on various aspects of running a business and dealing with forming a company, commercial litigation deals with employment contracts and the sale of goods.