trade secret protection strategies

Trade secret protection strategies involve measures to keep valuable business information confidential. Companies use non-disclosure agreements (NDAs) to legally bind employees and partners from sharing sensitive information. They implement access controls to limit who can see trade secrets, and they train employees on the importance of confidentiality. Additionally, businesses may use physical and digital security measures, such as locked files or encrypted databases. The goal is to safeguard proprietary information—like formulas, practices, or customer lists—so that competitors cannot gain an unfair advantage, helping to maintain a business's innovation and market position.