Duty of Confidentiality

The Duty of Confidentiality in trade secrets law refers to the legal obligation of individuals and businesses to protect sensitive information that gives them a competitive edge. This includes formulas, processes, customer lists, and strategies that are not publicly known. Those who have access to this information—such as employees or partners—must keep it secret and refrain from disclosing it to others without permission. Breaching this duty can lead to legal consequences, as it can harm the business's competitive position and economic interests. Protecting trade secrets is essential for maintaining market advantages and fostering innovation.