Trade secret comprises of technical information, such as confidential information on secret formulas, manufacturing processes, production methods, designs and drawings of computer programs, and commercial information, such as distribution methods, list of suppliers and clients, and advertising strategies.
A trade secret is confidential proprietary information that provides a business with a competitive advantage and actual or potential economic benefit. The best way to protect such information is to introduce and develop a trade secrecy regime to monitor and safeguard access to this sensitive data.
We would first assess if your proprietary information should be protected under patent, trade secret, or other Intellectual Property law. We offer comprehensive advice on the best practices for trade secret protection.