Every organization wants to safeguard trade secrets and proprietary information. It’s your responsibility to make sure employees know that you expect them to do their part by not divulging your intellectual capital. It’s also important to make sure employees don’t take trade secrets with them if they go to work for a competitor.
You have three options to protect your business interests: (1) nondisclosure agreements; (2) noncompete agreements; and (3) simple policy statements explaining what you consider confidential and how you expect employees to treat the information.
What’s at issue
Before deciding which approach to take, consider what you want to protect—and protect against.
• Preventing accidental disclosure: Your customer information and marketing strategies are prized commodities that must be kept secure. You may also have proprietary production methods or research that contribute to your company’s success.
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