Outsider Contracts and Trade Secrets

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Most Common Intellectual Property Law Issues:

Why Would I Want to Use an Outsider Contract?

Sometimes you may want to share trade secret information with someone who is outside of your company. For example, you may want to present information to potential licensees, or you may want to give a visitor a presentation of what your company does. Either way, you are going to want to be able to protect your trade secrets as best you can.

How Can I Use Outsider Contracts to Protect My Trade Secrets?

There are a number of ways you can use outsider contracts to protect your trade secrets. Some of the most common ways are:

Are All These Contractual Obligations Legal?

Under normal circumstances, nondisclosure agreements, cross licenses, and grant back clauses are all legal contractual obligations. However, there are certain things you have to look out for:

Do I Need a Trade Secret Lawyer?

If you wish to use an outsider contract to protect or license your trade secret, you may want to contact a trade secret lawyer or a contract lawyer. An experienced lawyer will be able to explain your rights to you and draft a contract that meets both your needs and the needs of the outside party.

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Last Modified: 02-11-2013 02:34 PM PST

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