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Constant Vigilance Needed to Keep Trade Secrets

Trade secrets can offer broad and long-lasting protection of the core aspects of what makes one business more successful than competitors. The problem is, trade secrets require vigilant care keeping that advantage. The owner of a trade secret must make efforts that are reasonable under the circumstances to maintain its secrecy. Different industries and different types of information might require their own nuances to keep information secret, although more protection and safe-guards are always better. Recent court decisions guide what will help maintain information as a trade secret: impose a confidentiality policy and restrict access to electronic documents; require all employees to sign confidentiality agreements, install monitoring software on every computer to track employees’ actions, and specifically protect the software by giving only a few employees access; instruct employees how to keep information safe, and store records on encrypted servers to which few employees have access. Sometime putting information in a safe is reasonable, as making secure certain areas of a facility where the secret process operates. Constant Vigilance!

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Date

08.15.19

Type

Publications

Authors

Himmelrich, Ned T.

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