A trade secret is any confidential information that is not readily ascertainable to outsiders and you or your company has undergone reasonable efforts to maintain its secrecy. Any information can be a trade secret, inlcuding but not limited to:

• - Formulas
• - Patterns
• - Compilations
• - Programs
• - Devices
• - Methods
• - Techniques
• - Product
• - System
• - Process
• - Design
• - Prototype
• - Procedure
• - Computer Code

Any person that steals, misappropriates, discloses, reveals, or displays a trade secret is subject to injunctions, fines, and even criminal penalties. However, your rights to trade secrets are only available as long as your trade secret remains confidential. That means that injunctions must be promptly sought in order to limit disclosure of the trade secret to outside sources. However, as long as you act timely the law is on your side, entitling you to compensation for any damages that have resulted from the misappropriation of the trade secret and even making it a class "C" felony for anyone that knows you will likely be injured by revealing or misappropriating the trade secret and goes forth with doing so.

Bottom line is if you have a trade secret, you need to protect it. There are many different ways a trade secret can be leaked, but the Law Office of Brian M. Boyer is equiped to seal that leak, and solidifying your confidential information as a trade secret. If you have any questions, feel free to contract Brian Boyer at (702) 800-0988.

 

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