Commercial secret definition

Commercial secret means a regime of information confidentiality enabling its possessor under the existing or the probable conditions to increase revenues, to avoid unjustified outlays, to retain the position on the market of commodities, works and services, or to derive another commercial benefit;
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Commercial secret means technical, technological, commercial or organisational information belonging to the undertaking and not disclosed publicly, the confidentiality of which is protected by the undertaking, except for information that cannot be considered a commercial secret under the laws of the Republic of Lithuania. Duty of Public and Local Authorities to Ensure Freedom of Fair Competition 4.—(1) When carrying out the assigned tasks related to the regulation of economic activity within the Republic of Lithuania, public and local authorities shall ensure freedom of fair competition.(2) Public and local authorities shall be prohibited from adopting legal acts or other decisions which grant privileges to or discriminate against any individual undertakings or their groups and which bring about or may bring about differences in the conditions of competition for competitors in the relevant market, except where the difference in the conditions of competition cannot be avoided when the requirements of the laws of the Republic of Lithuania are complied with.
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Commercial secret means technical, technological, commercial or organisational information belonging to the undertaking and not disclosed publicly, the confidentiality of which is protected by the undertaking, except for information that cannot be considered a commercial secret under the laws of the Republic of Lithuania.
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Examples of Commercial secret in a sentence

  • Commercial secret – information on a plan, formula, process, or means of a commercial value, or any other information used for manufacturing, preparing, processing of goods or rendering services, and/or is a novelty or a significant result of technical activity, as well as other information that may prejudice the competitiveness of a person if disclosed.

  • Commercial secret shall be the information (except for public information defined by laws of the Republic of Lithuania) to which the status of commercial secret is assigned by decision of the Board of the Company.

  • Commercial secret means any information concerning the plan, formula, process, or means that constitute a commercial value, or any other information that is used to produce, prepare, or reproduce goods, or provide service, and/or which represents an innovation or a significant technical accomplishment, or any other information, disclosure of which could reasonably be expected to cause competitive harm to a person.

  • Commercial secret shall be declared open if the grounds for classifying such information can no longer be invoked.

  • Commercial secret is any and all information (except the public information provided by the Law of the Republic of Lithuania), to which such status is granted upon the decision of the Board.

  • Commercial secret implies information which is not state secret, pertaining to production, technologies, administration, financial activity and other activity carried out by the economic agent, the disclosure of which (communication, leakage) may prove injurious to the economic agent’s interests.

  • Commercial secret disclosure implies intentional or unintentional actions carried out by the employees of the economic agent who have access to the information constituting commercial secret, which lead to premature disclosure, usage and uncontrolled dissemination of information.

  • Commercial secret may not be a reason to refuse provision of documents and information.(2) The documents and information under paragraph 1 shall be determined in the Methodology under Art.

  • The documents to be supplied to the bodies specified underParts 1 and 3 of this Article and containing information constituting a commercial secret shall bear a "Commercial secret" stamp, indicating its holder (in case of legal entities - full denomination and location, in case of individual entrepreneurs - surname, first name, patronymic of the citizen being an individual entrepreneur and place of residence).

  • Notes /1/ Xxxxxxxxxx, X.X., Xxxxxxxxxx, X.X., Xxxxxxx, A.M., & Xxxxxxxxxxx, N.M. (2018), Commercial secret as an object of labour relations: Foreign and international experience.


More Definitions of Commercial secret

Commercial secret means information which has a genuine or potential commercial value by virtue of the fact that it is not known to third parties and it cannot be freely accessed because of reasonable efforts on the part of the proprietor of that information or any other person to whom it has been entrusted to keep it secret. Information that cannot be considered a commercial (industrial) secret is defined by law.
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Commercial secret means non-disclosed technical, technological, commercial, or organisational information belonging to a person who is taking certain measures in order to protect its confidentiality, except information which cannot be deemed a commercial secret in accordance with the laws of the Republic of Lithuania.
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Related to Commercial secret

  • Commercial sex act means any sex act on account of which anything of value is given to or received by any person.

  • Commercial Services means any waste management service, relating or connected to accumulating, collecting, managing, recycling, sorting, storing, treating, transporting, disposing, buying or selling of waste or any other manner of handling waste excluding services rendered by the municipality;

  • Commercial Service means service to Customers engaged primarily in the sale of goods or services including institutions and local, sate and federal government agencies for uses other than those involving manufacturing or electric power generation.

  • commercial air transport means an aircraft operation involving the transport of passengers, cargo, or mail for remuneration or hire.

  • Commercial Development means any development on private land that is not heavy industrial or residential. The category includes, but is not limited to: hospitals, laboratories and other medical facilities, educational institutions, recreational facilities, plant nurseries, car wash facilities, mini-malls and other business complexes, shopping malls, hotels, office buildings, public warehouses and other light industrial complexes.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

  • Commercial sexual activity means any sex act on account of which anything of value is given to, promised to, or received by any person.

  • Information Technology Resources means agency budgetary resources, personnel, equipment, facilities, or services that are primarily used in the management, operation, acquisition, disposition, and transformation, or other activity related to the lifecycle of information technology; acquisitions or interagency agreements that include information technology and the services or equipment provided by such acquisitions or interagency agreements; but does not include grants to third parties which establish or support information technology not operated directly by the Federal Government. (0MB M-15-14)

  • Commercial Mobile Radio Services (CMRS) means Commercial Mobile Radio Service, As Defined in the Act and FCC rules.

  • Commercial Mobile Radio Service or “CMRS” means Commercial Mobile Radio Service as defined in Part 20 of the FCC’s Rules.

  • Department of Information Technology means the New Mexico Department of Information Technology which is responsible for operating the data center and all communications related items.

  • Radiologic technologist, limited means an individual, other than a licensed radiologic technologist,

  • Proprietary medicine means a completely compounded nonprescription drug in its unbroken,

  • Nuclear medicine technologist means an individual who holds a current certification with the American Registry of Radiological Technologists or the Nuclear Medicine Technology Certification Board.

  • University Community means all students and employees of the University, persons officially associated with the University, former students and alumni at the University, as well as invitees, visitors and guests.

  • Commercial Software means Software developed or regularly used that: (i) has been sold, leased, or licensed to the general public; (ii) has been offered for sale, lease, or license to the general public; (iii) has not been offered, sold, leased, or licensed to the public but will be available for commercial sale, lease, or license in time to satisfy the delivery requirements of this Contract; or (iv) satisfies a criterion expressed in (i), (ii), or (iii) above and would require only minor modifications to meet the requirements of this Contract.

  • Commercial domicile means the principal place from which the trade or business of the taxpayer is directed or managed.

  • Commercial driver s license" means:

  • Cooperating country national (“CCN”) means an individual who is a cooperating country citizen or a non-cooperating country citizen lawfully admitted for permanent residence in the cooperating country.

  • Public university means a public university described in section 4, 5, or 6 of article VIII of the state constitution of 1963.

  • Contact therapy system means a therapeutic radiation machine with a short target to skin distance (TSD), usually less than five centimeters.

  • Next Michigan development corporation means that term as defined in section 3 of the next Michigan development act, 2010 PA 275, MCL 125.2953.

  • Pharmaceutical care means the provision of drug therapy and

  • Information technology services means services designed to do any of the following:

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • Commercial computer software means software developed or regularly used for non-governmental purposes which—