Trade secrets are essential to businesses and require protection. These include information that has economic value and is not publicly known. Businesses must take reasonable steps to keep trade secrets from being revealed. Trade secrets may be formulas, methods, programs, techniques, processes, customer lists, customer requirements, product specifications, pricing strategies and recipes.
What can one do to protect trade secrets? Recommended actions to maintain confidentiality of trade secrets include: keeping all materials in a secure place, marking documents as confidential, limiting sensitive information access to employees that need to know only, and having employees with access to sensitive information sign non-disclosure agreements.
If you need help with anything related to trade secrets, call us now to consult with our Theft of Trade Secrets Lawyer Boca Raton.