Final answer:
Trade secrets are part of intellectual property law that protect a company's unique formulas and production methods from competitors. The formula for Coca-Cola is one of the most famous trade secrets.
Step-by-step explanation:
Trade secrets protect a company's formulas and methods of production from being discovered or used by competing firms. An example of a well-known trade secret is the formula for Coca-Cola, which is neither protected by patent nor copyright law but is closely guarded by the company to maintain its competitive advantage. The protection of trade secrets is a crucial part of intellectual property law, helping businesses safeguard their proprietary information against industrial espionage and unauthorized disclosure.