What To Know About Trade Secrets

Trade secrets constitute information that a business possesses, which is not widely known or available to its competitors. This can include secret products, mechanisms, processes and formulas. It can also include confidential business information concerning a company’s finances, suppliers, customers, marketing plans, strategies, etc.

In order to claim trade secret protection, a company must take reasonable steps to protect the confidentiality of its secret business information. In some cases, it is advisable for the company to require that its employees, customers, suppliers and others who have access to the trade secret information sign a confidentiality agreement that restricts such persons from using or disclosing that information both during and after the term of their employment. Employees may also be required to sign a non-compete agreement that further restricts their ability to use the company’s trade secrets after they leave the company.

Questions About Your Trade Secret Case?

To meet with an experienced lawyer to discuss your concerns, contact William Noonan in Fort Myers at 239-481-0900 or send us an email to schedule your consultation. Our attorneys care about helping you find the answers to your questions.