How to Protect Trade Secrets?
Trade secrets last as long as the commercially valuable information remains confidential, protected by reasonable measures to keep it secret. What is considered "reasonable" varies depending on the information, its value and other circumstances.
Some examples of measures include:
- marking the information as confidential;
- limiting access to the information, by placing physical and technological restrictions;
- entering into non-disclosure agreements with employees, suppliers and partners, prohibiting the recipient from making unauthorized use or disclosure of confidential information;
- reviewing periodically which employees “need to know” the trade secret information; and
- creating an employee culture that makes maintaining confidentiality a priority.