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Trade Secrets 2018-10-12T11:34:47+00:00

TRADE SECRETS

Trade secrets are manufacturing, industrial, and commercial secrets. More particularly, a trade secret is a formula, practice, process, design, instrument, pattern, or compilation of information that:

  • is not generally known to members of the public;
  • confers an economic benefit on its holder (where the benefit is the result of the information not being generally known, as opposed to the value of the information itself); and
  • is the subject of reasonable efforts to preserve its secrecy.

Keohane & D’Alessandro counsels clients on protecting trade secrets, offering:

  • Non-Disclosure Agreements
  • Non-Compete Agreements
  • Employment Agreements
  • Independent Contractor Agreements
  • And Other Related Agreements

The law of trade secrets allows an individual or entity to have a perpetual monopoly over confidential information. Unlike many other forms of intellectual property, there is no term limit. A trade secret, however, is not protected from another person independently duplicating the information, process, compilation, etc., which constitutes the secret. Probably, the most famous example of a trade secret is the recipe for Coca-Cola®.

Contact Keohane & D’Alessandro today to schedule a free consultation regarding your trade secret matters.