A trade secret may consist of any formula, pattern, physical device, idea, process or compilation of information. Though the precise definition of a trade secret varies by jurisdiction, there are three factors that are common to all such definitions. First, a trade secret must not be generally known to the public. Second, it must confer some sort of economic benefit on its holder. Third, it must be the subject of reasonable efforts to maintain its secrecy. Establishing trade secret protection is therefore starkly different from obtaining other types of intellectual property protection; in contrast to patents, for example, government registration is not required in any way.
Our attorneys help clients determine the best plans for protecting proprietary information from improper use by competitors or past or current employees. Our services include drafting confidentiality agreements and non-compete agreements tailored to cover key employees, vendors, and customers that may develop and/or have access to your sensitive documents and information.