Minnesota Employment Guide is a publication of Madgett Law, LLC. It is general information about Minnesota law, not legal advice, and reading it does not create an attorney-client relationship. Whether any of it applies to your job turns on facts this site cannot know. This is attorney advertising.

Defined by statute

Trade secret

Information that has independent economic value because it is not generally known or readily ascertainable, and that the owner has made reasonable efforts to keep secret — both parts are required by Minn. Stat. § 325C.01, subd. 5.

Nothing on this page is advice about your job, and no article can be. If you want your own facts looked at, a Minnesota employment attorney can do that — and several of the deadlines described on this site are short enough that waiting is itself a decision.

Also called: trade secrets.

“Trade secret” means information, including a formula, pattern, compilation, program, device, method, technique, or process, that:

(i) derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use, and

(ii) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.

Minn. Stat. § 325C.01, subd. 5. Item (ii) is a fact about the employer’s own conduct, not about the information: material nobody bothered to protect is not a trade secret however valuable it is. The same subdivision adds that secrecy is “not negated merely because an employee or other person has acquired the trade secret without express or specific notice that it is a trade secret” where that person “knows or has reason to know” the owner expects secrecy — so the absence of a stamped label decides nothing by itself.

Where this comes up

Sources checked September 8, 2026. Citations independently verified against the primary source September 8, 2026.

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