Trade Secret Definition: Trade secrets are confidential business information that offers a competitive edge. This encompasses formulas, practices, processes, designs, instruments, or information compilations that are not public knowledge or readily available. Crucially, the information must be kept secret and possess commercial value.
Indian Legal Framework:
While India lacks a singular trade secrets statute, protection is primarily afforded through:
Contract Law: Confidentiality and non-disclosure agreements (NDAs) prohibit unauthorized disclosure of trade secrets.
Common Law: Tort law provides recourse against breaches of confidence.
Information Technology Act, 2000: Governs unauthorized digital access to confidential information.
The Indian Penal Code: Criminalizes the theft or misappropriation of trade secrets.
Distinction from Patents and Copyrights: 
Unlike patents and copyrights, which grant limited-term exclusive rights in exchange for public disclosure, trade secrets depend on perpetual confidentiality for their legal protection.