Companies spend significant time and funds to protect their trade secrets. What is a Trade Secret? In Michigan, as in most states, has adopted a version of the Uniform Trade Secrets Act which defines a trade secret as a formula, pattern, compilation, program, device, method, technique or process that has both independent economic value and is not generally known to or not readily assessable by other persons, and is the subject of efforts to maintain its secrecy.
If you believe that you have proprietary company information that you want to maintain under trade secret law, then you must take significant measures to maintain its secrecy, both internally, and externally to those who may have access.
To evaluate whether or not you have a trade secret warranting protection under the law, have your matter reviewed by one of our trade secret attorneys.