Taking the "Shhh" out of Trade Secrets: What Counsel Should Know about Protecting the "Secret Sauce"
Program Number: 2440
Presenter: Aaron Tantleff, Esq.
The concept of “trade secrets” and everything relating to them--defining what they are and how they can be used, who they can be shared with and how, understanding and valuing them, and protecting them from industrial espionage or misuse by departing employees—has always been somewhat nebulous in principle and even more so in practice. While most companies claim to have trade secrets, and need to protect those secrets to maintain their competitive advantages and unique elements, unless they are obvious secrets, such as the formula for Coca-Cola or “the Colonel’s” 11 herbs and spices, it can be difficult to document just what is a trade secret and the law will not necessarily recognize it as such. With the emergence of a worldwide economy, globalization, development of information networks capable of rapidly moving sensitive data, and the increased focus on new technology as a business driver, a company’s legal