In order to qualify as a trade secret, information must not only be kept secret, but must also derive some economic value from being kept secret.
As long as the information you are trying to protect has some economic value to someone, it is eligible for trade secret protection. It does not have to be related to competition. For example:
However, the information does have to have economic value. You cannot use trade secrets to enforce duties of confidentiality.
No. Trade secret law requires that the information be not generally known, not that it be an absolute secret. This means that the information is kept secret from people in the industry who could benefit economically from knowing it.
When determining whether or not information is valuable, courts also consider the following factors:
If you have questions about whether information meets the requirement of being economically valuable to qualify for trade secret protection, you may want to consult a trade secret lawyer. A lawyer experienced in trade secret law can answer your questions and make sure your information receives the protection it deserves.
Last Modified: 09-01-2015 09:30 AM PDTLaw Library Disclaimer
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