Trade Secrets Lawyer Phoenix

Trade Secrets Lawyer Phoenix

Many companies have proprietary information that is the key to their success, and if competitors were to obtain this information, the competitive advantage would be lost. This is what is known as a “trade secret,” and it ranges from things like the recipe for your favorite ketchup brand to the algorithms that power Google. Protecting these trade secrets is essential to the success of your business, but unfortunately, you either can not or should not seek a patent for these secrets for a number of reasons.

The most important reason why patenting a trade secret is not a good idea is that you will need to publish the secret in explicit detail; secondly, and often a major limiting factor anyway, is that trade secrets are not often “new, novel, or unique inventions.” This is why it is essential that you handle your trade secrets in a discreet and secure manner that will ensure your business’s leverage with this important information. Working with an attorney to protect your trade secrets is one of the best ways to secure this information properly, through a range of tools.

Contact HPS Law Group For a Consultation About Your Trade Secrets Today

Our law firm offers an initial consultation for people who want to learn more about how to properly protect their trade secrets in order to maximize profitability while keeping the upper hand over their competitors. There are a few different ways that you can protect these secrets, including (but not limited to) locking them in a safe that few people have access to, as well as structuring a Non-Disclosure Agreement with employees, contractors, and anyone else who will be privy to this information.

Working with a Phoenix attorney who understands the intricacies of trade secrets and their protective devices is an important way to make sure that you cover all of your bases during this process. There is nothing worse than having your information leaked, only to realize that there were major flaws in your efforts to conceal this important information that might block you from legal action.

Contact us as soon as possible to get started on protecting your important proprietary information today.

Trade Secret Law In Phoenix

Your experience with trade secret law may be either proactive or reactive, depending on your situation. Proactive trade secret law focuses on taking measures like determining the best way to secure these secrets, either through physical or digital encryption, as well as drafting strong legal agreements like NDAs, non-compete contracts, or confidentiality agreements. Depending on the nature of your trade secrets, there is likely a combination of security measures that will best help protect this information from being leaked to the public or stolen.

Reactive legal measures typically focus on litigation in order to seek damages from a defendant that is responsible for your secrets being released or stolen. In some instances, this act may be both a criminal matter as well as a civil business litigation issue. Your intellectual property is central to your business’s success, and any acts that will jeopardize your success must be met with aggressive legal action. While it is true that no amount of legal action will “un-leak” your secrets, you can prevent further distribution of proprietary information and seek a range of damages from the defendant that can alleviate the financial impact on your business operations, among other things.

What types of information do trade secrets protect?

The type of information that constitutes a trade secret for your business is entirely unique to your industry, services, goods, and the way you operate your business. A trade secret may entail a specific process for assembling a product in a factory, but may also be a recipe that achieves a consistent and desirable flavor.

It is important to work with an experienced trade secret attorney in Phoenix regardless of the nature of your trade secrets so that you can identify the many different options available for protecting this important intellectual property. The attorneys at our firm have years of experience working with clients in a variety of industries to protect a wide range of types of intellectual properties and trade secrets, and we will be happy to help you with your own trade secret needs in order to secure this important information and protect your business’s future success.

Contact us as soon as possible for an initial consultation where we can discuss your trade secrets and the necessary steps to protect this information.

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We practice and serve clients for Business, Startup and Intellectual Property Law throughout Arizona, including Phoenix, Mesa, Tucson, Scottsdale, Chandler, Gilbert, Glendale, Tempe, and Flagstaff. We serve Patent and Trademark clients in all 50 states. We have attorneys that are licensed in Arizona, Hawaii, Alabama, and Washington D.C.

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