A trade secret is valuable business information that is not generally known, which your business has reasonably tried to keep confidential. It is typically information that a business uses to provide itself an advantage over the competition, and will lose its protection, unlike patents, copyrights or trademarks, if it is fully disclosed. As such, a trade secrets inherent value and protectability requires a business to take reasonable precautions to keep such information confidential.
Examples of trade secrets can include:
Unannounced products that derive commercial value from being a kept secret
The Hodges Law Group can help you and your business develop and implement plans for protecting your trade secrets. Through the use of documentation, locks, passwords, restricted access procedures or locked cabinets, we can help you implement a plan to securely protect your trade secrets.
Additionally, if a trade secret has been stolen and subsequently disclosed, the Hodges Law Group can advise you on your options, including taking immediate action to limit the damage and protect your financial interests.
We are also available to defend individuals accused of divulging trade secrets or misappropriating other proprietary information.
Contact us for a free consultation on how we can help you take proactive steps to protect your business trade secrets or limit the damages suffered by a misappropriation of such trade secrets.