Trade Secrets: Why Do They Matter? | Bold Today Show Episode 153

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Posted on August 17, 2023

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By J.D. Houvener
Patent Attorney and Founder

Hi, everyone! I’m J.D. Houvener, your host of the Bold Today’s Show, where you, the inventor or entrepreneur, get your daily inspiration to go make the world a better place. [Music]

Happy Monday, everybody! We’re here doing a new five-part series on trade secrets and trade secret misappropriation. This is a part of the law that a lot of times gets forgotten, and it’s so closely related to patent law that I wanted to talk about it this whole week.

Trade secrets, there’s no certificate, there’s no document that you’re given when you have a trade secret. It’s largely having to do with your company and the employees that are in it. The whole idea about trade secrets is to be able to prevent employees from taking information that’s economically valuable, that you’ve been trying to keep secret and that’s not readily known in the public, to the next company that they go to or a company that they start. So that’s really the heart of what a trade secret is.

We’re gonna be talking this week about remedies, ways that you can actually be proactive in making sure that you identify, protect, and minimize the impact of any misappropriation, otherwise known as infringement, of trade secrets to you and your company.

This whole idea of trade secrets is sort of novel in that we don’t really need to understand patent law to understand trade secrets. So, I want to walk you through just trade secrets first, and at the end of the week, we’ll talk about how that relates to patents down the road.

If you have any questions about trade secrets, we do have a good section on our website. If you go to boldIP.com and look under other services, you can see trade secrets right there. And if you have additional questions and you want to talk with an attorney, please give us a call.

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