Wang IP Law Group, P.C.
Local 626-269-6753
Toll Free 888-827-8880

How can I protect my trade secrets?

Trade secrets are as diverse as the businesses they belong to. Lists of customers, recipes, methods of operation, formulas, and pricing can all have a real impact on the success of your enterprise and can result in loss of profits if this information falls into the hands of competitors. There are steps you can take to protect trade secrets, as explained by the U.S. Small Business Association.

Know what your trade secrets are

Because the definition is broad, it's often difficult for business owners to properly identify what needs to be protected. The best strategy is to think about what aspects of your business would seem valuable to others if they were compromised. This can range from assets like customer contact information to specialized processes you've developed during operations. If you're unsure, speak with an attorney about should be protected.

Talk to your employees

Once you understand what your trade secrets are, the next step is bringing your employees up to speed. Non-disclosure agreements are ideal in this respect, as they provide legal ramifications for the unlawful release of information by new hires. You can even extend an agreement beyond the course of employment to prevent a former worker from taking your ideas to competitors. Also, make sure employees know exactly what they're restricted from discussing.

Understand the law

While you don't register trade secrets like you do other types of intellectual property, there are ways you can protect it legally. Most states, including California, have implemented laws derived from the Uniform Trade Secrets Act, which regulates theft of valuable information. Additionally, if you feel your rights have been violated you should contact an attorney right away to discuss your legal options. You may be able to launch a cease and desist, which prevents competitors from using your information to gain profits. You may also be able to seek damages for any profits already gained.

 

No Comments

Leave a comment
Comment Information
Contact Us To Get Started

Contact Us To Get Started

Contact our office to schedule a free, initial consultation by dialing 888-827-8880 or by completing our brief, online questionnaire. Based in Los Angeles, our firm represents clients throughout California and in China, Hong Kong, Taiwan, Japan and Israel.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Our Locations

Industry
18645 East Gale Ave.
Suite 205
Industry, CA 91748

Phone: 626-269-6753
Map & Directions

Los Angeles
355 S. Grand Ave.
Suite 2450
Los Angeles, CA 90071

Toll Free: 888-827-8880
Phone: 626-269-6753
Map & Directions

Irvine
18662 MacArthur Blvd.
Suite 158
Irvine, CA 92612

Phone: 626-269-6753
Map & Directions

Taiwan - Taipei
37F Taipei 101 Tower, No.7, Sec. 5 Xinyi Road
Taipei, Taiwan 11049

Map & Directions

QR Code