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4 Key Ways to Protect Your Trade Secrets

Trade Secrets
A trade secret is a unique trait that separates your business from others in your industry. A trade secret is a product, recipe, formula, design, or other factor which helps give your business a competitive edge over businesses similar to yours. A trade secret is proprietary to your company and is protected under U.S. law. To ensure your trade secrets are safe from competitors though, it is important to follow these tips to protect your company‚Äôs valuable information. Identify your trade secret: The first step in protecting your proprietary information is identifying what it is. Not all information needs to be kept secret, so you must assess what is most significant to your company and what will produce the most value for the company in the future. Another vital factor…
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Patent Litigation 101

Patents
When it comes to technology, nothing is simple. You may think that just because you hold a patent, your ideas are safe from being stolen. Unfortunately, the reality is that only aggressive legal action can protect your patents. Patent pirates know that many people are reluctant to pursue litigation. Taking a case to court is an uncertain and expensive process, but allowing pirates to steal from you will cost even more. Whenever another party makes, uses, or sells your patented item or idea without license, you have the right to sue the infringing party. Litigation can stop their activities and you may be entitled to compensation. However, infringement is rarely easy to prove. If you are concerned about the safety of your patent, you should understand the different types of…
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