trade secrets Flashcards
1
Q
Trade secret def.
A
Information that can include formula, pattern, compilation, program, divide, method technique or process.
1 - non public
2 - potential commercial value (competitive advantage or generate economic benefit)
3 - guarded by confidential measures
2
Q
Types of trade secrets
A
> ideas that give competitive advantage
know how (design techniques, skills etc)
valuable business info, customer lists, suppliers, marketing strategy or cost and price info
any info with commercial value
3
Q
How to keep safe
A
- technical barriers
- physical (keep in a safe or mark as CONFIDENTIAL)
- contractual
Only if they are undisclosed to the public they can apply to be protected
4
Q
technical barriers
A
- IT store in data servers, passwords;
- internal technology policy;
- blockchain technology
5
Q
> protect from cyber thefts
A
- encrypt data
- update anti virus
- be aware of risk of cloud
- blockchain
- train employees
6
Q
Contractual barriers
A
- agreement of confidentiality or non disclosure
- protection policy
- record flows of information
- provide training to employees
- protocols and rules to proceed
7
Q
When dealing with 3rd parties
A
- before discussing or transfer documents, sign a NDA
- after negotiation enter into a MOU to structure the deal
- final agreement: who owns what info, what are exchanges and non-disclosure obligations of both parties
8
Q
What to do when dealing with trade secrets
A
> identify trade secrets
USE combination of barriers
DOCUMENT security measures you take
