Five signs your trade secret policy is inadequate

In our age of teleworking, personal cloud data storage, and blurred lines between personal and company computing devices, companies face increased risk of losing valuable confidential information through employee negligence or malfeasance.

Today's connected environments require companies to employ robust, multifaceted methods to protect their trade secrets and other intellectual property – and routinely revisit and update those policies. This article explores those methods and several situations in which gaps in an organization's policies and protections can expose that organization to loss of its most valuable assets.

When a company learns that its trade secrets were wrongfully acquired, used or disclosed, it needs to move quickly – think hours and days, not weeks or months – to limit the harm and obtain a restraining order or other relief. A critical fact it must establish immediately is that the company took reasonable steps to maintain the secrecy of the information at issue.

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