A trade secret is confidential business information that derives economic value from secrecy and is subject to reasonable efforts to maintain that secrecy. Covered information includes formulas, processes, algorithms, customer lists, source code, manufacturing techniques, pricing strategies, internal documentation, and training methods. Trade secrets are protected under federal law via the Defend Trade Secrets Act of 2016 and under state law in essentially all 50 states, with protection lasting indefinitely as long as the secret remains secret. It is the IP category that protects much of what software companies create, and the protection most-overlooked by founders who assume their IP is automatically covered by some other cate...