Trade Secrets Law

Trade secrets consist of any formula, pattern, device or compilation of information used in a business that gives the business an opportunity to obtain an advantage over competitors. Simply put, a trade secret might be anything a business would not want a competitor to know. Customer lists, supplier lists, business plans, methods of doing business, secret formulas, or proprietary databases could constitute trade secrets.

A business, as an owner of trade secrets, must take affirmative measures to safeguard its proprietary information. If a dispute were to arise over a business’ trade secrets, a court would critically analyze the efforts the business took to protect its trade secrets. Such efforts could include the following: