Many businesses are successful due to information they have which is not generally known to others. Many people think of trade secrets as super-secret formulas, like that of Coca-Cola or the 13 original herbs and spices in Kentucky Fried Chicken. There are many other kinds of “confidential information” which are also protectable. Examples of confidential information that may be protectable include:
- Customer lists
- Customer needs assessments and ordering information
- Internal marketing studies
- Internal software
- Processing and sourcing information
- Chemical formulas which are not easily reverse-engineered
- General know-how which makes a product easier or less expensive to manufacture.
- And many more
Protecting trade secrets like these is critical to the function of many companies. Moreover, for some companies, the greatest threat to trade secrets comes not from competitors, but from its own employees. Your company’s trade secrets are usually protectable against disclosure or use by former employees or third parties. However, the appropriate steps must be taken to keep the information confidential.
How DJP Helps with Protecting Trade Secrets
This is where SCM comes in. Unfortunately, many companies attempt to implement confidentiality procedures after the Trade Secrets already made its way to a competitor. By developing and implementing protocols early, the risk of trade secret misappropriation can be reduced significantly. Durham Jones & Pinegar is experienced in working with clients to ensure that trade secret information remains confidential.
Rely on the professional expertise of the Durham Jones & Pinegar IP attorneys. We will guide you through protecting trade secrets that are valuable to your company.