Pennsylvania Sample Trade Secret Policy with Employee, Consultant, and License Forms
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How to fill out Sample Trade Secret Policy With Employee, Consultant, And License Forms?
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FAQ
Protection and legal framework. How are trade secrets protected? Contrary to patents, trade secrets are protected without registration, that is, trade secrets require no procedural formalities for their protection.
Your company's trade secrets ? in paper or electronic format ? should be accompanied by a confidentiality notice. Each page should be stamped ?Confidential.? The notice should notify all parties that the document includes trade secrets and that access to the information is limited by your business.
"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 ...
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.
Though the company may not wish to document some trade secrets for fear that some important secrets may be omitted from the documentation process, the better approach, on balance, is to spend time identifying trade secrets and to document their secret status and the value that their secret status confers on the company ...
Proving that You Actually Had a Trade Secret The information was secret; The information had actual or potential independent economic value because it was secret; and. The plaintiff made reasonable efforts to keep the information secret.
The Uniform Trade Secrets Act, codified in Pennsylvania at 12 P.S. § 5302, defines a ?trade secret? as ?information, including a formula, drawing, pattern, compilation including a customer list, program, device, method, technique or process that: (1) derives independent economic value, actual or potential, from not ...
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.