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ARTICLE · 09 FEBRUARY 2017

5 simple steps to protect your trade secrets [Focus on staff]

How do you ensure that your employees – current and former – protect your trade secrets and don't spill the beans?

AustraliaIntellectual Property

Pssst! Got any trade secrets? How do you make that chicken so finger lickin'? What is that magic, mystery cola ingredient? While you wouldn't divulge your company secrets to just anyone, you might let your employees in on them. The trouble is, how do you ensure that staff – current and former – don't spill the beans?

Today, we give you 5 simple steps to protect your trade secrets – so your special something stays safe.

WHAT IS A TRADE SECRET?

Trade secrets refer to confidential information with commercial value, generally guarded from public knowledge. They can include technical information – such as designs, methods and formulae, or commercial information – such as customer lists and business procedures.

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