The loss of trade secrets – ranging from proprietary formulas to confidential information to production methodologies – can have a devastating impact on a company. When there is misappropriation, in a growing number of jurisdictions a company must prove that it has taken “reasonable steps” to prevent trade secret theft or misuse.
This whitepaper: “Reasonable Steps” to Protect Trade Secrets: Leading Practices in an Evolving Legal Landscape” offers practical steps for companies concerned about this issue. It includes:
International, regional and national laws featuring the “reasonable steps” requirement;
The types of protections that companies have implemented – and examples of ways that trade secret protection programs have failed;
Analysis of the types of “reasonable steps” that court cases have examined in determining whether to give trade secret protection to particular material;
Checklists and examples of practical steps that companies can take to put protections in place in the eight categories that CREATe recommends for an effective trade secret protection program.