Costello Law Corporation
We Can Help You, Call Us Today
916-520-3360
This Attorney is Lead Counsel Rated. Click here for more Information.

How can you effectively protect your trade secrets?

Do you or your company have trade secrets? You may be surprised to find that the answer is 'yes'.

Trade secrets can be anything from recipes and formulas to methods of operation, client list and other tools necessary to run your business. It can be vital to your business or entrepreneurship to identify these valuable assets and take the proper steps to protect them.

You don't have to be a large corporation to guard your trade secrets. Below are five steps to protecting your trade secrets from the Small Business Association:

  1. Identify your trade secrets - The key to achieving this is to pinpoint what information would compromise your business if it got into the hands of your competitor. Make a list of these assets and determine what is the most valuable.
  2. Keep trade secrets confidential - Label trade secrets as "confidential" and keep them in a safe place. Hard copy information should be placed in a secure or locked location. Electronic files should be password-protected and access should be limited.
  3. Educate staff about the need for protection - Employees should sign a nondisclosure agreement and understand company policy regarding proper handling of protected information. Plan regular training and refresher courses on trade secret confidentiality.
  4. Understand the law - Currently, trade secrets do not require national or international registration. Historically, they have been governed by state laws and the Uniform Trade Secrets Act. Beginning in 2017, additional protection will be offered on a national level through the Defend Trade Secrets Act of 2016.
  5. Take civil action against violations - If you discover a competitor is unlawfully using your trade secrets, act quickly to stop it. You may be able to file a civil lawsuit for injunctive relief (a cease and desist) and monetary damages.

An experienced intellectual property attorney can guide you in maximizing the protection of your trade secrets and represent your best interests during legal actions. Contact a reputable lawyer to discuss your needs and options.

No Comments

Leave a comment
Comment Information

Contact Us Today

To protect your valuable idea, contact our lawyers at Costello Law Corporation to set up an initial consultation. We are ready to assist you in any intellectual property issue.

Get Started

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Map & Directions

Costello Law Corporation

Costello Law Corporation
2267 Lava Ridge Court
Suite 210
Roseville, CA 95661

Phone: 916-520-3360
Fax: 916-441-4254
Map & Directions

Email Us linkedin