What are trade secrets and how can The Jafari Law Group help you protect them
What is the most valuable asset your business maintains? Is it your talent? Your office space? Your procedures? No. It is your “secret sauce.” It is the thing that separates you from your competitors and makes you desirable to the marketplace. Your ideas are far and away the most valuable asset your business has.
A trade secret is any idea that would have an economic impact if widely known. It also has value to those who cannot obtain it. One of the most conventionally famous trade secrets is the proprietary 11 herbs and spices mix that KFC uses on their chicken. KFC chicken is so tasty that if their recipe were revealed, it would economically impact their business. It is also desirable for their competitors to know. For decades, KFC has protected that trade secret.
Modern trade secrets often relate to technology, sophisticated procedures, or software coding, but that does not make them any less valuable or significant than KFC’s secret recipe. If your business has ideas and information that should not be made public, the Jafari Law Group can help you protect them.
Trade secret law falls under intellectual property law, and it is something our law firm specializes in. There are two laws on the books that we work with regularly: the Uniform Trade Secrets Act (UTSA) and the Economic Espionage Act of 1996. Unlike patents, trademarks, and copyrights, businesses cannot register their trade secrets with the government since that would be a form of sharing valuable information. Instead, trade secrets are protected through confidentiality measures. Our law firm can support your trade secrets with a series of non-disclosure agreements, confidentiality agreements, non-competition agreements, and more. If a current or former employee violates these agreements, we can handle that breech with litigation.
Remember that your ideas are the most valuable thing you have. This is not an area of your business to take lightly. Instead, rely on the dedicated attorneys at the Jafari Law Group, some of whom came from the corporate world and have a first-hand understanding of how essential trade secrets are. Do not risk the health of your business. Call us today.