The Legal Blog

Hi, I'm RANDI.

I'm a BUSINESS ATTORNEY

I help my clients secure their business success by providing easy to understand legal guidance in a supportive environment, so they can focus on achieving their full potential.  

About RANDI

SEARCH BY Category

agreements

business formation

business operations

coronavirus

intellectual property

MINDSET

social media

Keeping Your Amazing Next Best Thing A Trade Secret

trade secret

share this article:

trade secret lock the door

You’ve done it!

Revolutionary. 

There is no doubt in your mind that what you created is going to be a game changer!

But, how can you make sure no one steals your idea?

All the time, sweat, and tears will go down the drain. 

You don’t want to share that secret sauce.

But how can you protect it? How can you protect yourself?

Since you’ve been following my advice you raise your hand and shout:

BY REGISTERING THE INTELLECTUAL PROPERTY!

Patent inventions.  Copyright content.

Yes, you have listened well.
But, you say.

I don’t want ANYONE to know my secret sauce.

AND SOMETIMES IT IS IMPORTANT TO KEEP THE SECRET SAUCE A SECRET.

IN FACT, KEEPING THE SECRET CAN BE IP PROTECTION ITSELF.

Big companies have done it for years.

  • The Coca-Cola formula. 
  • The Google search algorithm. 
  • KFC’s 11 Herbs and Spices. 

What do they all have in common?

THEY ARE ALL TRADE SECRETS!

Trade Secrets are confidential information that gives the owner an economic advantage over competitors.

Does this mean that anything can be a trade secret?

How can you make your secret sauce a trade secret?

how to protect trade secrets

FIVE TIPS TO KEEP YOUR COMPETITIVE EDGE A SECRET

When you create something so unique that it gives you an economic advantage over competitors, you may not want to share it with the world.

In fact, you may want to keep it a secret.

That secret, if properly secured, can be protected as a trade secret asset.

TO BE CLASSIFIED AS A TRADE SECRET, YOU MUST TAKE PROTECTIVE MEASURES INCLUDING:

  • Physical security measures for networks, devices and data
  • Mark it as confidential
  • Restrict to a limited, need-to-know access 
  • Implement a written trade secret policy
  • Provide clear communications and agreements with employees

IF YOUR SECRET SAUCE FITS THIS RECIPE THEN TRADE SECRET INTELLECTUAL PROPERTY PROTECTION MAY JUST BE THE RIGHT INGREDIENT FOR YOU!

Want to learn more about trade secret protection. Contact us here.

About Sagacity Legal:
Sagacity Legal is a Florida-based firm that works with service-based small business owners, who want to minimize their legal risk so they can focus on achieving their full potential.

This article and all content herein is solely intended for general information purposes and should not be construed as legal advice in any manner. This information is not intended to create, and receipt or viewing, or communication via email or other means does not establish an attorney-client relationship. An attorney-client relationship is only formed when a written engagement agreement is executed. We disclaim all liability in respect to actions taken or not taken based on any or all the contents of this website to the fullest extent permitted by law. Do not act or refrain from acting upon this information without seeking professional legal counsel.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

leave a comment on this post.

previous comments

      * Testimonials found on this website are actual client reviews of Sagacity Legal PLLC. Prospective clients may not obtain the same or similar results.
    ** The information contained in this website is intended for general informational purposes only, and should not be construed as legal advice on any matter.
  *** For important disclaimer information please visit http://www.sagacitylegal.com/disclaimer.
**** This firm is registered to practice in the State of Florida and before the USPTO.
***** Sagacity Legal,  the Sagacity Legal logo, and Securing Your Success are registered trademarks of Sagacity Legal PLLC