What steps can I take to protect my trade secrets?

Protecting your trade secrets is an important part of doing business in Washington. To start, it is important to identify what information can be considered a trade secret. This can include formulas, patterns, programs, methods, techniques, designs, processes, and even customer or supplier lists. Once you have determined what information is a trade secret, the next step is to create policies that ensure the information is kept confidential. This may include restricting access to trade secrets only to those with a legitimate business reason to know and to document the trade secrets. Policies should also include monitoring who has access to the trade secrets and requiring employees and other individuals with knowledge of the trade secrets to sign a non-disclosure agreement. Next, it is important to have systems in place to help protect the trade secrets from unauthorized access. This may include using secure passwords and encryption, limiting access to only certain personnel, and having security measures in place to prevent leaks. Finally, be sure to keep up to date records of who has access to the trade secrets, and periodically review security measures to make sure they are still sufficient for the business. By taking these steps, you can help protect your trade secrets and ensure your business is not exposed to potential legal liability.

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What steps can I take to protect my trade secrets?

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