Protect your business with
a trade secrecy policy
A trade secret is documented information and data kept secret. It gives
your company a strategic advantage against competitors. Making the information
difficult to access for competitors helps to make it valuable.
An alternative to other IP rights
A trade secret can be extremely complex or simply the answer to "what do you have that your competitors lack?". Unlike, for example a patent, trade secrets are protected without formal authority processes.
This means that a trade secret can be protected for an unlimited amount of time and that, in certain situations, trade secrets can be particularly attractive to small and medium-sized companies.
Most things can be trade secrets
Examples of trade secrets are programs, methods, techniques, processes, appliances, marketing materials, strategies, technical prototypes, customer lists or other compiled information. The list goes on.
A trade secret begins to apply immediately
A trade secret is a cheap alternative to registered rights (no fees or renewal costs), the protection is immediate and can live on forever, as long as the information is kept secret.
Identification of a trade secret
Trade secrets are often poorly documented and also spread among different information carriers (for example data files, papers, manuals or even in the employees’ heads). Good documentation of the information you want to keep secret is the key to a trade secret that can be described and valued!
Take advantage of trade secrets in your company
To define trade secrets
- CLASSIFICATION should be done based on the level of control you need, what type of information it is about, what it relates to, where in the company the information is available and additional aspects.
- VALUE should be defined based on how much the trade secret contributes to the company’s success or how much it will potentially contribute to the company’s success (in the short or long term).
- When defining classification and value, an ACTION PLAN should be made for the various trade secrets.
Using trade secrets
- The trade secret must have a commercial value, why else should it be treated as a secret?
- You can save the trade secret for future use in different contexts or for development.
- If it is not part of your future business plan, you can sell it.
- You can license it to someone else.
- You can get rid of it.
- You can make it available for open source (for example to contribute to improvement in a current technology area).