Timothy B. McCormack, attorney at law, writes about: Trade Secret Audits


Timothy B. McCormack, attorney at law, writes about: Depending on the type of business involved, a business should decide what types of information should be protected as trade secrets. Once this decision has been made, the relevant information must be located within the business. This audit is a helpful step in the process of identifying trade secrets.

One author indicates, “another technique for identifying trade secrets is to send a memorandum to all department heads asking them to list potentially protectable trade secrets. The memorandum should contain an easily understandable definition of the type of information sought. For example, the memorandum might explain that:

“A trade secret can consist of a formula, pattern, compilation of data, computer program, device, method, technique, process, or other form or embodiment of economically valuable information. A trade secret can relate to technical matters

Article by Timothy B. McCormack, attorney and technology lawyer in Seattle in cooperation with McCormack Intellectual Property PS; written by Timothy B. McCormack, attorney at law and intellectual property lawyer.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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