TRADE SECRETS AND NDAs

Trade secrets are valuable secret information that your company developed that helps your company earn profits. It can be a recipe, formula, design, but it makes your company unique and profitable. Imagine if the KFC fried chicken recipe became public, then people would be making their own fried chicken and would not buy KFC. KFC would eventually go out of business because everyone would be at home cooking their own fried chicken with the help of this recipe. This is a trade secret-it’s the cornerstone of KFC’s success which is why KFC has extensive measures in place to make sure that this secret does not get out to the public. If you have something like this, we counsel you on best practices for identifying your company’s valuable trade secrets and for maintaining trade secret policies and protections within your company.