Laws dealing with trade secrets, restrictive covenants and social media have undergone major changes explains Seyfarth Shaw partner Robert Milligan. On Trading Secrets, he offers tips on how to head off problems, based on the firm’s recent webinar, “Trade Secret and Noncompete Legislative Update.”
Above all, take a holistic approach to protecting trade secrets and confidential information:
- Use nonsolicit, nondisclosure and invention assignment agreements and implement entrance and exit interviews to educate employees on nondisclosure obligations.
- Institute regular training to reinforce the importance of confidentiality and create various levels of security access to business information.
- Regularly evaluate your trade secret protection policies/protocols, forensically reviewing the computer use of departing employees that have access to confidential information.
