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Colorado courts may consider several factors to make the factual determination of whether a trade secret exists under this statutory definition, including: (1) the extent to which the information is known outside the business; (2) the extent to which it is known to those inside the business, such as the employees; (3) ...
Entering into non-disclosure agreements with employees, suppliers and partners, prohibiting the recipient from making unauthorized use or disclosure of confidential information; reviewing periodically which employees ?need to know? the trade secret information; and.
The following tips are for small businesses that wish to protect their trade secrets: Identify What Needs Trade Secret Protection. ... Label Documents That Contain Protected Information. ... Monitor Information Storage. ... Secure Computers. ... Maintain Secrecy With Outside Vendors. ... Provide Adequate Security.
It must have commercial value because it is secret; and. It must have been subject to reasonable steps under the circumstances, by the person lawfully in control of the information, to keep it secret.
In general, to constitute a trade secret under these various laws (which each have their own nuances), the information must (1) have economic value; (2) because it is not generally known; and (3) the owner has taken reasonable measures to keep the information a secret.
"Trade secret" means any method, technique, process, formula, program, design, or other information that can be used in the course of production, sales, or operations that can also meet the following three requirements: (1) it is not known to persons generally involved in the information of this type; (2) it has actual ...
The following tips are for small businesses that wish to protect their trade secrets: Identify What Needs Trade Secret Protection. ... Label Documents That Contain Protected Information. ... Monitor Information Storage. ... Secure Computers. ... Maintain Secrecy With Outside Vendors. ... Provide Adequate Security.