--- title: “Confidential Information” vs. “Trade Secrets” description: Attorney Anna Limoges talks about the difference between confidential information vs trade secrets and how to know the difference image: https://blog.goosmannlaw.com/hubfs/confidential.jpg --- [![Goosman Lawfirm](https://blog.goosmannlaw.com/hs-fs/hubfs/Goosmannlaw%20October2017/images/Goosmann_Law_Firm_logo_4C-white.png?width=1250&name=Goosmann_Law_Firm_logo_4C-white.png "Goosman Lawfirm")](http://goosmannlaw.com/) - [COVID-19 Toolbox](https://goosmannlaw.com/covid-19-resource-toolbox/) - Our Team - [Attorneys](https://goosmannlaw.com/attorneys/) - [Non-Attorney Staff](https://http://goosmannlaw.com/non-attorney-staff/) - Practices & Industries - [Practices](https://goosmannlaw.com/practices/) - [Banking & Finance](https://goosmannlaw.com/banking-finance/) - [Bankruptcy, Restructuring & Workouts](https://goosmannlaw.com/bankruptcy-restructuring-workouts/) - [Business](https://goosmannlaw.com/business/) - [Divorce & Family Law](https://goosmannlaw.com/divorce-family-law/) - 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A trade secret is a category of confidential information that is not generally known to the public or persons outside of the company who are knowledgeable about the general subject matter of the information.  The company must make reasonable efforts protect it, keep it secret, and provide an economic advantage to the company.  A perfect example of a “famously known” trade secret is the formula for Coca Cola.  Another one is Google’s search algorithm.  Although everyone knows it exists, no one knows what it actually is.  ## A successful business will normally have some type of confidential information that should be kept secret to retain value.  There may even be trade secrets involved.  Make sure your valuable information is protected by calling an attorney at [Goosmann Law Firm, PLC, in our Omaha, Sioux City, and Sioux Falls offices. ](https://goosmannlaw.com/) [![CONTACT US](https://no-cache.hubspot.com/cta/default/489404/1a4a50da-853d-4000-8658-67aee359e330.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/1a4a50da-853d-4000-8658-67aee359e330) ### Select Different CTA for each Post from Blog Editor [![New Call-to-action](https://no-cache.hubspot.com/cta/default/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422.png)](https://cta-redirect.hubspot.com/cta/redirect/489404/a8cefc17-3b9d-4de0-89cd-e60a64752422) ### Subscribe Our Blog Thanks for submission!! - 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