Trade Secrets & Restrictive Covenant Agreements Are A Cheap Tool To Keep Your Competitive Edge—If They’re Managed Correctly

A trade secret is business information that derives value from not being generally known and that the company takes reasonable measures to keep confidential. Customer lists, pricing models, formulas, source code, and strategic plans can all qualify. Restrictive covenant agreements are one of the primary means by which companies protect trade secrets, and they typically include noncompete clauses (to prevent employee defections), non-solicit clauses (to prevent client and employee poaching), and confidentiality and nondisclosure clauses (to prevent competitive information from being used by a competitor or the public). Bass PLLC advises employers across Colorado, New York, D.C., New Mexico, and Wyoming on protecting confidential information, drafting restrictive covenants that will hold, and enforcing both when they are tested.