Postette: This Is a Trade Secret, Right?

Contract Law Basics and Tips

To be afforded protection as a trade secret, confidential information must satisfy three criteria:

  1. The information has limited availability;
  2. It derives economic value by having limited availability; and
  3. Its owner takes “reasonable precautions” to keep it secret.

Don’t be tripped up by the last item by neglecting to use reasonable precautions to protect your valuable information.

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