Trade secrets have always been an important part of an intellectual property plan. With the advent of the America Invents Act, trade secrets have never been more important. Trade secrets are protected by state and federal laws design to prevent misappropriation of confidential business and technical information that is valuable to a business by not been known by others, particularly their competitors and customers. In Florida, Chapter 688 of Title 39 of the 2014 Florida Status defines a trade secret as information including a formula, pattern, compilation, program, device, method, technique, or process that:
- Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and
- Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
By attending the IP workshop, you can learn how to take reasonable efforts to maintain the secrecy of your trade secrets. Paradies Law P.A. can help you develop nondisclosure agreements, noncompetes, employment agreements, consulting agreements and corporate agreements that protect confidential business and technical information.