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A trade secret can be any information that derives independent economic value from not being generally known or readily ascertainable. Among the things that can be trade secrets are a formula, pattern, compilation, program, device, method, technique, or process.

Among things courts have found to be "trade secrets" are machining processes, blueprints, and stock-picking formulae, customer lists, pricing information, and non-public financial data. On the other hand, information such as overhead rates and profit margins that help define a price may be found to be a trade secret even if the price itself is known.