"January: the season of fresh starts-when we swear we'll finally hit the gym, drink more water, and unearth last year's journal from beneath a mountain of good intentions. Maybe, just maybe, we'll put down our phones long enough to soak up some actual daylight. In the business world, January offers the perfect opportunity for a different kind of resolution: the one that keeps your competitors from getting their hands on your secret sauce or eggnog recipe (or any other trade secret) all year long."
"Resolution #1: Organize My Trade Secrets For Real This Time Unorganized trade secrets are like those fancy new weights you promise to start using every January-full of potential, but only effective if you use them and track your progress. If you can't find them, can't define them, or don't know who has access, you're setting your business up for the same fate as the thousands of abandoned New Year's resolutions."
January offers an opportunity to protect trade secrets by adopting practical resolutions. Businesses should organize trade secrets through an inventory of confidential know-how, clear identification of what qualifies, and systematic labeling and classification. Companies should prepare to manage and exercise those assets with documented access and controls to avoid loss or misuse. Strengthening access controls and the confidentiality core helps limit exposure to competitors. Regular review, clear assignment of access responsibilities, and alignment of protection measures support sustained safeguarding of proprietary information throughout the year.
Read at Global IP & Technology Law Blog
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