Define the term trade secret

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Reference no: EM131473200

Question: Northeast Coating Technologies, Inc., (NCT) is a start-up corporation in the business of "vacuum coating" metals. To lure potential investors, NCT created a prospectus that included its business plan, including its orders from suppliers. This prospectus was widely distributed and contained a disclaimer that the information in the prospectus was confidential.

Several copies of the prospectus ended up in the hands of potential competitors of NCT. The competitors used the business plan in NCT's prospectus to plan strategies to prevent NCT from successfully competing with them. If NCT sues for misappropriation of the "trade secret" material in the prospectus, should it win? Why, or why not?

Reference no: EM131473200

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