Section 2 (d) of the Illinois Trade Secrets Act states the following:

“Trade secret” means information, including but not limited to, technical or non—technical data, a formula, pattern, compilation, program, device, method, technique, drawing, process, financial data, or list of actual or potential customers or suppliers, that:

(1) is sufficiently secret to derive economic value, actual or potential, from not being generally known to other persons who can obtain economic value from its disclosure or use; and

(2)  is the subject of efforts that are reasonable under the circumstances to maintain its secrecy or confidentiality.

Why is Trade Secret Protection Important?

Your company’s trade secrets are no longer locked away in a file cabinet, with the onset of the electronics age many trade secrets are being created instantly and continuously through electronic means.  The surge in our reliance on computers has changed how we do business.

It is imperative that companies conduct trade secret audits as well as implement programs that will protect its trade secrets.  Many companies fail to adequately invest in protecting its trade secrets in this electronic age, which has been met with some astonishing consequences. 

If you want to learn how to protect your valuable trade secrets, which may very well be the lifeline of your business, do not hesitate to contact us.

 

 

 

Locations

 

Mailing Address:

PO Box 186

Blue Island, IL 60406

 

Offices located in Shorewood, Chicago and South Suburbs.

 

 

Phone

312-257-3000

Fax312-257-3001

 

E-mail

info@shabazzlaw.com

 contact form.

 

Business hours

9:00a.m.-5:00 p.m. CST

 

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