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How Do I Maintain The Confidentiality Of My Trade Secret?

This may be conducted through a broad range of policies and procedures that need to be continually maintained. Many businesses have reported a tendency toward allowing their policies & procedures to lapse. Experts often recommend that businesses schedule annual reviews of their trade secrets & protection policies to prevent this from happening. Some of the possible procedures that help maintain the confidentiality of your trade secrets may include the use of confidentiality agreements for employees, vendors, contractors, and potential customers. In the case of employees, written agreements are usually not required. The courts often recognize an implied obligation for current and past employees­to not divulge trade secrets. However, the use of these agreements can help to impress upon employees that they have an obligation to maintain secrecy. Upon leaving your business, exit interviews with employees should include the discussion of maintaining trade secrets. Something similar should be conducted with vendors or anyone else who has had access to your trade secrets, but will now be moving on.

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