Keep Trade Secrets Confidential

Key Points

  • Employers need to protect their trade secrets and their proprietary information that gives them a competitive edge in the industry. This can include formulas, ideas, designs, research, methods and processes.
  • In order to maintain the confidentiality of such information, employers should require employees who have access to such information to sign a confidentiality or a nondisclosure agreement. Employers need to ensure that these agreements are in compliance with the Defend Trade Secrets Act.
  • Employers can maintain their trade secrets and other proprietary information by restricting unauthorized access to this information, creating security codes on the computer system and by requiring nonemployees, such as customers, to sign a nondisclosure agreement.

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