Trade Secrets Protection A Trade secret is defined as any formula, pattern, device, or compilation of e 11 herbs and spices has well kept trade secret for about 40 years and Coca Colas soda formula has been a valuable trade secret during 100 years since it original formulation. Trade secret protection also typically cost less to maintain. There are no government fees associated with trade secret. In .addition, there are no attorney fees for drafting and prosecuting a trade secret,Trade Secrets Protection A Trade secret is defined as any formula, pattern, device, or compilation of information that is used in one's business that gives it an advantage over competitors who do not know or use it. Trade secret protection has advantages in some circumstance over other types of protection, including patents. Patents may last for a maximum of approximately 20 years. Trade secret protection may last as long as the information remains secret. For example, Kentucky Fried Chicken's blend of 11 herbs and spices has well kept trade secret for about 40 years and Coca￾Cola's soda formula has been a valuable trade secret during 100 years since it original formulation. Trade secret protection also typically cost less to maintain. There are no government fees associated with trade secret. In addition, there are no attorney fees for drafting and prosecuting a trade secret