How To Protect Trade Secrets And Confidential Business Information In Canada

Businesses can prevent third parties from misusing their valuable and commercially sensitive business information and trade secrets through contracts and the common law within Canada.

This type of legal protection is critically important for companies with intellectual property (IP) assets that are not protectable through traditional forms of registrable intellectual property (such as patents), or when the business has a commercial strategy that favours secrecy.

What are trade secrets?

Trade secrets (or confidential business information) generally include information that provides a business with independent economic or commercial value and is the subject of business efforts to maintain its secrecy.