Many workers in given Georgia companies or elsewhere harbor different mindsets from their employers when it comes to intellectual property and an evaluation of its importance to the business bottom line.
For them, the subject matter can spell just a peripheral and seldom visited concern.
For an employer, conversely, the topic is a top-tier and unremitting consideration that links directly to company success or failure. Business principals spanning many industries know that proprietary enterprise information and data is collectively the lifeblood of their companies. Its leaking to competitors or compromise in other ways can have devastating consequences.
The term “trade secret” often attaches to intellectual property, which can range broadly over subject manner encompassing things like formulas, recipes, business plans, tech applications/algorithms and more.
Trade secrets sometimes take center stage in litigation, especially in instances of alleged employee misappropriation that ends up with select information becoming privy to a business rival.
What exactly is a trade secret meriting company protection?
Definitions vary, as noted in a recent national article on trade secret identification and protection. That piece stresses that “disputes over whether something is a trade secret often hinge on whether others in the field know about it and whether it is independently valuable.”
Company principals are understandably acutely focused on identifying and safeguarding any information/data that even arguably qualifies as a trade secret, and take due – that is, timely and comprehensive – steps to ensure it is not compromised.
There are many ways to do that. A proven pro-business legal team can provide further information.