Postette: This Is a Trade Secret, Right?

To be afforded protection as a trade secret, confidential information must satisfy three criteria:

  1. The information has limited availability;
  2. It derives economic value by having limited availability; and
  3. Its owner takes “reasonable precautions” to keep it secret.

Don’t be tripped up by the last item by neglecting to use reasonable precautions to protect your valuable information.

In Category: Contract Law Basics and Tips

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