Trade secrets do, in fact, generate intellectual property rights in English law. Unlike patents and trademarks, trade secrets do not need to be registered. A trade secret is defined in law as information that is secret, that holds commercial value because it is a secret and has been the subject of reasonable steps to ensure that it remains hidden.
Trade secrets protect aspects such as processes and methods and anything else that holds such value that it warrants protection. Trade secrets are the elements of commercial activity that are not disclosed to the public because they have the potential to give a company an advantage over its competitors.
It is not uncommon for employees to be obliged to sign a non-disclosure agreement if they are to know a company’s trade secrets.