District of Columbia Sample Trade Secret Policy with Employee, Consultant, and License Forms
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Entering into non-disclosure agreements with employees, suppliers and partners, prohibiting the recipient from making unauthorized use or disclosure of confidential information; reviewing periodically which employees ?need to know? the trade secret information; and.
What qualifies as a trade secret? commercially valuable because it is secret, be known only to a limited group of persons, and. be subject to reasonable steps taken by the rightful holder of the information to keep it secret, including the use of confidentiality agreements for business partners and employees.
Having, following standard departure procedures Conducting an exit interview with the employee. Ensuring all company-provided materials are returned. Terminating access to confidential documents. Tracking and monitoring any unusual activity such as data requests and external communications.
What qualifies as a trade secret? commercially valuable because it is secret, be known only to a limited group of persons, and. be subject to reasonable steps taken by the rightful holder of the information to keep it secret, including the use of confidentiality agreements for business partners and employees.
It must have commercial value because it is secret; and. It must have been subject to reasonable steps under the circumstances, by the person lawfully in control of the information, to keep it secret.
"Trade secret" means any method, technique, process, formula, program, design, or other information that can be used in the course of production, sales, or operations that can also meet the following three requirements: (1) it is not known to persons generally involved in the information of this type; (2) it has actual ...
Examples of information that could be considered a trade secret include information such as, but not limited to, formula, pattern, algorithm, compilation, program, method, technique, customer lists, data sets or compilations, product road maps, pricing schedules, failed experimentation, or manufacturing processes.
These trade secrets are usually protected by a carefully worded Non-Disclosure Agreement (NDA) signed by both the company and the employee at his or her time of employment.
