Basic Measures to Protect Trade Secrets


You have to meet three conditions in order to achieve trade secret status, protect the information from being disclosed, the secret must have economic value, and the trade secret must remain known to a limited group of people. Provided that your information becomes a trade secret, the measures that you can take to protect it generally fall under three categories:
Physical – The trade secret information is often stored in hard copies and in that case, there are several ways to keep them safe. Many companies use vaults while others limit the accesses in several areas of the company building making sure only people who are authorized and need can access the information.
Digital – There are many cases when the trade secret is stored in a digital form so there are other measures to be considered in order to provide protection. Data encryption, usage of passwords as well as software which monitor and restrict the access from users are some good steps into achieving digital protection.
Legal – There are always going to be people and, in some cases, other companies that will need access to the trade secret. In this case legal measures are needed such as the NDAs, confidentiality agreements, non-compete agreements etc.
What would you add to this list to ensure further a trade secret?
More insights
One Definition and the Walls Come Down District Court Dismisses Copyright Claim Based on Misclassified Cabinet Registration
Written by : Ian W. Gillies and Eric R. Blosser Key Takeaway: A federal district court dismissed a copyright infringement claim on the grounds that the work in the asserted registration had been improperly classified under the Copyright Act. This case…
2 Bankrupt Crew Intersection Between Bankruptcy and Copyright Law
Written by : Greg Phillips & Eric R. Blosser Key Takeaways: Two members of rap group 2 Live Crew, and the heirs of a third member, attempted to terminate a transfer of copyright ownership in several records the group made in the 1980s under statutory…
How Cnn S Copyright Infringement Lawsuit Against Perplexity Ai Could Alter the Fair Use Landscape
Written by : Mark Lezama Key Takeaway : CNN’s copyright infringement lawsuit against Perplexity AI stands apart from prior AI copyright cases because of allegations that Perplexity pursued a licensing deal with CNN, failed to reach an agreement, and…