Under the TUTSA, a trade secret is defined as “information, including a formula, pattern compilation, program, device, method, technique, process, financial data, or list of actual or potential customers or suppliers that: 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 Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.To break down this language a bit, the key elements of a trade secret are that it is not generally known or readily ascertainable by people who could profit from it, and reasonable efforts have been taken to maintain its secrecy.