Increasingly, companies face potential risks when employees are exposed to unique processes and formulas. An employee who leaves and joins another company may disclose important information, resulting in the loss of a competitive advantage. Fishman Stewart works with employers in manufacturing, information technology, biotechnology, and other industries to develop effective strategies designed to protect trade secrets.

Trade secrets include formulas, industrial processes, and other proprietary information used in business or industry that are not generally known to the public. Once a trade secret becomes public, exclusivity is lost. Therefore, a trade secret is protected only by maintaining its confidentiality. As a result, a proactive plan for safeguarding a company’s trade secrets is essential. This includes a combination of employment agreements, licensing arrangements, and other preventive measures