A trade secret is a type of intellectual property such as a formula, process, system, data, or other confidential information that gives its owner a competitive advantage. A trade secret derives its value, in part, from being kept secret.
One of the most famous examples of a trade secret is the recipe for Coca-Cola.
Trade secrets are protected differently than patents, trademarks and copyrights. Protection for trade secrets is non-disclosure — the information must be kept confidential.
Our services in the area of trade secrets include:
- Counsel regarding protection of trade secrets
- Development and implementation of trade secret protection policies and plans
- Agreements to protect and/or leverage trade secrets, including nondisclosure agreements, employment agreements, independent contractor and development/ownership agreements