AI tools like ChatGPT have become the new Swiss Army knife for business: They can draft a pitch deck, brainstorm a product name, write a sales email and pressure-test a marketing strategy. The temptation is obvious. If the tool can help you think faster, why not feed it the key details?
Because some “details” aren’t just information. They’re assets. And the way you handle them can determine whether the law will protect them later.
Trade secrets live and die by secrecy
Trade secret law is practical. There’s no magic stamp that makes something a trade secret. In general terms, information qualifies as a trade secret only if it (1) has economic value from not being generally known and (2) the owner takes reasonable measures to keep it secret. That “reasonable measures” concept is the pressure point for businesses using consumer AI tools.