Define: Secret Information

How is Secret Information defined in a legal contract?

• Secret Information means proprietary and confidential information that isn’t commonly known in the business and would be difficult for others to acquire or duplicate without improper methods. This information is kept secret and derives substantial commercial benefit because of its unknown status. Secret Information encompasses the process of developing and producing raw material, designing and manufacturing products. It also includes customer, supplier and vendor lists, non-public financial data, strategic business plans, competitor analysis, sales and marketing data, proprietary margin, pricing, and cost data. Additionally, any other information that qualifies as a trade secret is considered Secret Information.
  Seen in 29 SEC filings
• Secret Information means confidential information related to a company’s methods, concepts, ideas, products, and services which is of a proprietary or confidential nature. This could be communicated orally or in writing and includes data, concepts, techniques, designs, cost data, computer programs and undisclosed know-how.
  Seen in 5 SEC filings
• Secret Information means all business information and technical experiences which are secret, and generally, all confidential technical knowledge, whether patentable or not, as well as undisclosed know-how.
  Seen in 2 SEC filings
• Secret Information means information that, if disclosed improperly, would result in exceptional or long-term damage to a company’s reputation or financial standing, or pose a risk to those whose information is disclosed.
  Seen in 1 SEC filing

Please note that these definitions have been heavily simplified for ease of understanding, and legal definitions are likely to be more complex and thorough in their wording and scope.

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of secret information’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

Secret Information means exclusive, unknown, and confidential data, knowledge or technique that holds commercial value, essential for [organization] operations.

Relevant Contract Types

• Non-Disclosure Agreement
• Joint Venture Agreement
• Employment Agreement
• Consulting Agreement
• Merger and Acquisition Agreement

Relevant Circumstances

• When starting a new business venture
• When hiring new employees who will have access to confidential information
• When entering a partnership or joint venture
• When acquiring or merging with another company

Relevant Sectors

• Technology
• Financial Services
• Consulting
• Manufacturing
• Healthcare
• Media

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