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What are trade secrets and how are they protected?

What are Trade Secrets and How are They Protected?

 

 

What are trade secrets and how are they protected? | TNG Legal | Attorney Tonya N. Gibbs | http://tnglegal.com/ | (540) 632-1864 | general@tnglegal.com

Video Transcript

Trade secrets are any type of information that belongs to a business that provides that business with an economic advantage over their competitors and it’s not available to the general public. Some examples of that may include patterns, formulas, recipes and customer lists. In order to protect that information, a business should limit access to those who need that information. They should also have their employees sign non disclosure agreements in order to protect that information and limit its use. They also should have nay third parties that they are sharing that information with to sign non disclosure agreements or trade secret agreements.

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