How Do I Protect Trade Secrets?

Answer:
The Uniform Trade Secrets Act was designed

to assist business owners in understanding their rights to how a company’s trade secrets can be protected. Because the protection of trade secrets is not automatic, consider implementing preventive measures for your company.

During the hiring process, have employees sign a confidentiality agreement. Along with the definition of what a trade secret is, the agreement should contain information on how employees are to use trade secrets while on the job, as well as any consequences for breaking the agreement.

Within your company, there are probably only certain employees who need access to your company’s confidential information. Allow these employees access to such records by providing them with a password or key code to unlock the files. In addition, utilize a sign-in sheet to verify dates and times confidential files were accessed.

If you require your employees to sign a confidentiality agreement, you should also require any third-parties to sign a non-disclosure agreement .


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