trade secret

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trade secret

a secret formula, technique, process, etc., known and used to advantage by only one manufacturer
References in periodicals archive ?
If you're ever in a legal proceeding relating to the theft or misappropriation of your company's confidential information, you'll need to demonstrate the steps taken to protect that information.
They also tried to get a court injunction to prevent her from disclosing confidential information.
Do not disclose confidential information to third parties without a non-disclosure agreement
Protect company information upon an employee's termination by disabling all accounts and access privileges of the terminated employee and changing all access codes and possibly VPN (virtual private network) and dial-in numbers; examine the employee's computer or laptop to determine if the employee has accessed or copied sensitive information in recent months; conduct an exit interview during which you remind the employee of continuing obligations not to improperly use company confidential information and get the departing employee's agreement not to do so.
Years of heightened judicial scrutiny of corporate attorney-client relationships have chipped away at this protection, and the recent spate of high-profile scandals has encouraged prosecutors to ferret out confidential information in the interest of having companies come clean.
By coding rights information into Office documents, files containing confidential information can be duplicated, and data kept secure.
The resolution notes that prior to the board's meeting Wednesday, Gillis ``did disclose confidential information to another person'' and during the same meeting, Gillis ``did publicly disclose confidential information.
If an employee were to go to a competitor and use the former employer's confidential information (even if he or she allegedly only "memorized" this information), the Uniform Trade Secret Act would allow a suit for an immediate injunction against use, disclosure or even "threatened use" of such information (and in some cases even against employment with the competitor or solicitation of the businesses' customers).
This article will discuss the framework in which attorney-client privilege extends to accountants and will suggest practical ways CPAs operating in a technological environment can avoid inadvertent disclosure of confidential information to preserve attorney client privilege.
For example, Isaacs and Stone (1999) received surveys from 627 school counselors in which they identified under what conditions they would divulge confidential information.
If your firm provides special disposal bins for confidential information, use them.
Despite the variety of information-protection technologies that are useful for keeping networks and documents secure, there are several features of Internet interactions that can pose a threat to privacy or confidential information.

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