Advanced technology, unstable economies and a fast-changing marketplace has made business in the modern world a highly competitive endeavor. With the convenience and speed that internet research and shopping provides comes tremendous challenges to product makers and business owners who must find ways to stay on top, especially when potential consumers can find hundreds, if not thousands of options in a matter of minutes. California business owners wanting to maximize productivity and profitability will also want to familiarize themselves with intellectual property law that helps protect trade secrets.
The first logical step to take to protect trade secrets is to identify and document them. Any information, system, format, design or other component that gives a particular business an edge over its competitors may be considered a trade secret. The more difficult it would be for outside parties to acquire the information, the better protected it would be. Thus, once a trade secret is identified, the next step is to implement a company police (preferably, in writing) that restricts the use or sharing of the information.