Trade Secrets represent exclusive or secret practices and processes internal to businesses which are a source of competitive advantage. A Trade Secret is an intangible asset available to business entities and qualifies as intangible assets because they can be recognised, separated, and the associated economic benefits reliably measured. Intangible assets are a class of assets without physical form with intrinsic value to the owner. To value the fair market value of intangible assets, business valuation analysts apply techniques under the income, market and asset methods Even though trade secrets qualify as intangible assets, it is very difficult to maintain the secrecy of the information over the long-term to exclusively appropriate the potential economic benefits. Trade secrets are not protected by intellectual property rights to legally confer all the proprietary rights to the owners. As a result, it is difficult to estimate and assign the intangible value of trade secrets to the owners. To qualify for valuation as appropriate of the related value, owners of trade secrets should opt to register their trade secrets with the appropriate authorities.