Business owners in Georgia likely have a few secrets under their belt, whether it’s in regard to how things run, how they produce their products, their seller base, or more. So how does one go about protecting these things?
The World Intellectual Property Organization answers that exact question: just how are trade secrets protected? Long story short, they are protected without formal procedures. This means that unlike copyrighted things such as logos, slogans, product designs or so on, trade secrets are not registered. On the plus side, this means that business owners don’t have to worry about hitting an expiration date for their legal protection.
On the downside, this means an owner has to be very cautious about keeping their secrets locked down tightly. Inc. Magazine states that there are several ways to protect these secrets. The first way is to minimize the amount of people who know the information. If it’s ever leaked, the best way for a business owner to have legal standing will be if they can prove that they actually made efforts to keep the information in question a secret. Being vigilant is the key to keeping things under wraps.
In addition to limiting those in the know, good business owners should also make sure their employees are aware of how important it is to keep quiet on certain matters. Discretion should be exercised with business partners, too.
As long as an owner monitors things carefully and does their best to remain on top of who knows what, chances of an information leak will greatly be reduced.