Keep it a Secret!
Some information is too good to share. Information that adds an economic advantage to your business and that you have taken reasonable steps to keep confidential can be protected as trade secrets. Contact us about how you can protect your proprietary business information.
Most states have adopted the Uniform Trade Secret Act which defines the type of information eligible for the trade secret protection.
It sets out a private cause of action for trade secret misappropriation, and it provides remedies for misappropriation, including injunctions, damages and, in certain cases, attorneys’ fees.
- It is secret
- It confers a competitive advantage on its owner
- It is subject to reasonable efforts to maintain its secrecy
Trade secrets can take many forms. They can be formulas, plans, designs, patterns, supplier lists, customer lists, financial data, personal information, physical devices, processes, and computer software.