Most companies spend a lot of time and monies to protect their trade secrets. Whether it's the formula for a popular soft drink, the recipe for take out chicken, or the design of the latest software platform, somebody could take the thing that makes your business or process unique and reap the benefits of what you've sown without remuneration to you. Attorney Mark Clark discusses trade secret law and what you can do to protect yourself.
- A trade secret is now defined under the law by statute.
- Most states in the United States have adopted some form of the Uniform Trade Secret Act.
- Trade secrets are defined 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 accessible by other persons and is the subject of efforts to maintain its secrecy.
Today’s trade secret law program is brought to you by the attorneys at Traverse Legal, PLC, a global law firm specializing in internet law, trademark infringement, copyright infringement, cybersquatting, online defamation, non-compete and trade secret law, and complex litigation. If you have a legal or trade secret protection matter arising on the web, contact one of Traverse Legal’s internet lawyers today. Now here’s your host, Damien Allen.