Trade secrets include any confidential information that provides a business with a competitive advantage and is unknown to the public. Trade secrets can encompass both technical and, commercial information. Something as simple of your company’s list of suppliers can be a trade secret if treated properly.
To qualify for trade secret protection, the info must be commercially valuable, be known to a limited group of employees and subject to reasonable steps taken by your company to ensure its secrecy. Intelmax can provide advice on how your company can meet the above requirements.
If your information has qualified for trade secret protection, any unauthorised acquisition, use or disclosure of the information can be considered an unfair business practice, industrial espionage, breach of confidence or other laws giving you a cause of action against the disclosure and user.