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What is a Trade Secret🤔| Are you protecting your trade secrets? Protect Business Trade secrets

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Lawyer Tips by The Sterling Firm #lawyer

BUSINESS LAW TIP! Watch this to learn the truth about trade secrets and how to protect yours!
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What is a trade secret? A trade secret is something used in a business that (1) is not known or readily accessible by competitors, (2) has commercial value or provides a competitive advantage in the marketplace, and (3) the owner of the information protects from disclosure through reasonable efforts to maintain its secrecy. And here's a tip, use confidentiality agreements, and if they steal your secrets you can sue for misappropriation.
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