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Taking steps to protect company trade secrets

| Mar 22, 2021 | Trade Secrets

Virtually every field of profession can be competitive in nature, and companies in California and across the nation that wish to cultivate success may each have their own ways of achieving their goals. These unique approaches to operations could hinge on sensitive company information. While protecting a company’s trade secrets could be vital to promoting growth, some might not be certain of how best to approach the process.

Business owners may benefit from knowing that there could be various options to help protect a company’s future and some steps to take to safeguard sensitive information could include:

  • Identifying assets: The first step may include identifying all company assets that may constitute as trade secrets, which could range anywhere from company logos to product designs.
  • Advice on options: It could also be helpful to seek insight on the options to help protect sensitive information, such as trademarks and copyrights.
  • Employee contracts: If employees will have access to company trade secrets, companies could also consider taking additional measures, such as implementing noncompete or nondisclosure agreements.
  • Training and access: Companies may also benefit from taking steps to properly train employees on how to handle sensitive information and limiting the number of employees who can access such information.

As the misappropriation or misuse of trade secrets could carry dire repercussions, knowing how best to respond to similar matters could also prove imperative.

Trade secrets continue to play a vital role in the success of many companies. Business owners who wish to seek insight on the steps to take to protect company trade secrets could find it helpful to retain the services of an attorney for guidance. An attorney can help a client better understand all the available options for trade secret protection and assist him or her in taking steps to protect the interests of the company should a theft of information occur.

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