Trade Secrets
Binary Scam Watch Monitor
A trade secret is a formula, pattern, physical
device, idea, process, or compilation of information which is not generally known or
reasonably ascertainable, by which a business can obtain an economic advantage over
competitors or customers.
What is a trade secret?
a formula for a sports drink survey methods used by professional pollsters recipes a new invention for which a patent application
has not yet been filed marketing strategies manufacturing techniques computer algorithms
Examples of Potential Trade Secrets
Secrecy
What is required to maintain a trade
secret?
Restrict access to the information (lock it away in a
secure place, such as a bank vault) Limit the number of people who know the
information Have the people who know the trade secret agree
in writing not to disclose the information (sign non-disclosure agreements)
Have anyone that comes in contact with the trade secret, directly or indirectly, sign non-disclosure agreements
Mark any written material pertaining to the trade secret as proprietary
Ways to Protect Trade Secrets
Unlimited duration -trade secrets could
potentially last longer than patents (20 years) and copyrights
Your protection is theoretically worldwide No application required No registration costs No public disclosure or registration with
government agency Effective immediately
Advantages of Trade Secret Protection
Thank You