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Trade Secrets Law

The scope of trade secrets law focuses on proprietary information. Such information is owned by a company and gives the company certain competitive advantages. Proprietary information assets are critical to the success of many, perhaps most businesses. The importance of this property, while too often not yet “formally valued” by many companies, is highly valuable. In today’s highly competitive global marketplace, it is recognized by many managers that the intellectual assets of business are highly sought-after commodities.

Company policies may prohibit directors, employees and agents from disclosing or using confidential or proprietary information outside the company or for personal gain, either during or after employment, without proper written company authorization to do so. Many companies reduce the risk of proprietary information and intellectual property loss by employing “need to know policies; using screen savers and/or server passwords; and maintaining non-disclosure agreements.