Often, instead of having established a business relationship, “you enter into a business relationship” how often you enter into a confidentiality agreement before creating a business relationship. Confidential information is any information that is not publicly available, while a trade secret is any information that is not normally known in the industry and has commercial value for the company. In addition to providing such a definition in your legal agreement, you should develop a practice that clearly label the information you disclose as either “confidential” or “trade secret,” to avoid confusion.