Trade secrets can be very important to a business. Just ask Coca-Cola. The safe that holds its secret formula is part of the tour of the World of Coca-Cola museum.
Not all trade secrets can be stored in a vault secured with lasers. Customer and vendor lists, for example, can be valuable trade secrets. Businesses must take steps to protect them, or they can lose their protected status under the law.
As part of our business-law and general-counsel services, we help businesses identify the unique information and processes that they consider to be valuable assets and develop strategies to protect them, often utilizing noncompete and nonsolicitation agreements. When we have been hired after a trade-secret theft has already taken place, we have a track record of success in reacting quickly to contain and minimize damage and seeking compensation for the damage already done.