; and (B) any fact, circumstance, or set of conditions which has, or may have, any significant financial impact on a franchisor, franchisee, or a prospective franchisee. (8) The term offer or offering means any effort to offer or to dispose of, or solicitation of an offer to buy, a franchise or interest in a franchise for value. (9) The term outlet means a point of sale, temporary or permanent, fixed or mobile, from which goods or services are offered for sale. (10) The term person means either an individual or any other legal or commercial entity. (11) The term State means a State, the District of Columbia, and any territory or possession of the United States. (12) The term subfranchise means a contract or an agreement by which a person pays a franchisor for the right to sell, negotiate the sale, or provide service franchises. (13) The term subfranchisor means a person who is granted a subfranchise. (14) The term trade secret means information, including a formula, pattern, compilation, program, device, method, technique, or process, that— (A) 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