Trade Secrets Services
All businesses have proprietary information that have value, but to be legally protected as trade secrets, reasonable measures of security must be followed. Customer databases, financial records, food recipes, software code, plant hybrids, designs, and industry forecasts are some examples of possible trade secrets. A trade secret is usually information that has one obvious requirement: that it remains a secret.
The secret must:
- Provide economic value from not being generally known in the industry,
- Must not be generally known or easily discoverable using proper means such as reverse engineering, and
- The holder must, at all times, use reasonable methods to maintain its secrecy.
There are times when businesses are not aware of the trade secrets that deserve protection. To avoid the exploitation or unauthorized disclosure of valuable information related to your business, Drishti Law can help you implement industry specific processes and policies required to protect your information.