TRADE SECRET

A trade secret is an intellectual property concept protecting a variety of information or concepts.

Examples include:

✓  Manufacturing process
  Customer information
  Sales data
  Marketing information
  Design, algorithms
  Technology
  Programs
  Formulas Compilations
  Methods
  Techniques
  Other programs

To be valid, a trade secret must not be generally known to the public and the holder of the trade secret must derive economic value, actual or potential, from it not being generally known. There must also be reasonable efforts to protect the trade secret from disclosure. Classic examples of trade secrets are the recipes for Coca-Cola® or KFC® which have been kept secret for decades.

In today’s competitive business world, almost anything that provides an advantage over a company’s rivals may be a trade secret.

Examples include:

  Information on customers and customer preferences
  Strategies
  Pricing
  Compensation
  Manufacturing processes

Since there is no registration process for trade secrets, they are generally protected by confidentiality measures including employee agreements, consultant and contractor agreements, non-disclosure agreements, and other measures.

If your business has any innovations, technology, information, process, formula, or other concepts that you believe has value, the De Cárdenas Law Group can advise you on all steps of a comprehensive protection program to guard your information. We can also represent your business in disputes arising over breach of confidentiality and involving trade secrets. Our goal is to align your strategic business goals with a set of policies and procedures so your valuable information – your company’s intellectual property – continues to produce value.