Trade Secret & NDA

Business information can be legally protected through Trade Secrets. Consult with our business-savvy attorneys and they can help you determine if what steps to take to make sure you are protected.

Trade Secret NDA

What Is A Trade Secret?
Traditionally, trade secrets are legally protected information usually held by companies, secrets including formulas, patterns, compilations, programs, devices, methods, techniques, and processes. To meet the common definition of a trade secret, (1) there must be information, (2) the owner must have taken reasonable measures to protect the information, and (3) the information must derive independent economic value from not being generally known by the public. (18 U.S.C. § 1839(3)).

One big difference between trade secrets and its intellectual property counterparts—copyrights, trademarks, and patents—is that there is no set time limit for protection. However, once a trade secret is lost, it is lost for good. This means that once the confidential information is disclosed and no longer remains a secret, then that information’s trade secret status will be forever lost and unrecoverable. Of course, this is not to say there are no means for protection regarding trade secrets.

Trade Secret v. Patent Protection: What’s the Difference?

How Bold Patents Does Trade Secrets:

Trade Secret Identification: Know what you know! Business-savvy Bold Patents attorneys will conduct one or more detail Trade Secret identification consultations, preferably on-site in order to identify whether there is anything we would recommend seeking trade secret protection for.

Trade Secret Maintenance: Keep it Secret! Bold Patents Attorneys come on-site to educate and provide practical advice customized for your business for how to maintain one or more trade secrets given the law in the State. Our attorneys can craft customized Non-Disclosure Agreements, or Non-Compete Agreements to assure proprietary trade secret information does not leak outside of your company and in the hands of your competitors.

Read about the “Defend Trade Secrets Act” (DTSA), signed by President Obama on May 11th, 2016

Nondisclosure Agreement (NDA)

A Nondisclosure Agreement (NDA) is essential for any innovator or business working with non-employee 3rd parties. Either a bi-lateral or uni-lateral nondisclosure agreement will provide an enforcement mechanism in the event confidential information is either disclosed or misappropriated. Fill out this form for your own free NDA sample document to reference!

Kind Words from the Bold

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