Because trade secrets are no registered, the steps to create and protect a trade secret are those required to keep it a secret or at least confidential. These steps can include confidentiality clauses in employment agreements and independent contractor agreements, non-disclosure agreements, password protections, limiting the information on a “need to know” basis, and other safeguards that ensure a trade secret remains confidential. Creation of a trade secret often involves experimentation and know how to develop something that has competitive value by remaining secret from the public and competitors. The biggest risk to a trade secret is typically current and former employees.

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What are the Steps to Create and Protect a Trade Secret?

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