trade secrets

Keeping your secret secret

Short Title: 
Secretive trade secrets

My previous tip discussed the general definition/qualifications for information to be considered a "trade secret." The next logical step is protecting that trade secret. The good news is that trade secrets are protected without any procedural formalities such as registration or certificates. Another happy fact is that the a trade secret can be protected for potentially infinite duration. For these reasons, the protection of trade secrets may appear to be particularly attractive for SMEs.

Shhhh... it's a trade secret!

Short Title: 
What is a trade secret?

Trade secrets can differentiate and add value to a business without the expense and formality of applying for a patent. The Uniform Law Commission drafted the Uniform Trade Secrets Act ("UTSA") in 1979 (since amended and supplemented) in order to better protect trade secrets for U.S. companies operating in multiple states. The UTSA aimed to create the same standards and remedies across state boundaries regarding the misappropriation of trade secrets, rather than applying the patchwork of laws that various states had created.

Protecting Trade Secrets and Confidential Information

Short Title: 
Keeping Trade Secrets Secret

Recently, a small Boulder-based client who is about to expand exponentially asked me for guidance on protecting a process his company considers top-secret. My advice to him: take sufficient steps to make sure that those who are exposed to the trade secret are aware of its status as such.  In particular, I told him there were three policies he could implement: