The document discusses trade secrets, which provide competitive advantages for businesses. To qualify as a trade secret, information must have independent economic value, not be generally known, not be readily ascertainable, and reasonable efforts must be taken to maintain its secrecy. Misappropriation of trade secrets involves improperly acquiring, using, or disclosing the secret information. Remedies for misappropriation include injunctions, damages, accounting of profits made from the secret, and requiring royalty payments.