Practice Areas

• Catastrophic Injuries
• Car, Truck & Motorcycle Accidents
• Lead Poisoning
• Product Liability
• Class Actions
• Consumer & Financial Fraud
• Business Litigation
• Real Estate

Blog

Business Litigation

• Iowa Supreme Court OKs Insurance Agent's Failure to Advise

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Library

Business Litigation

• How to Protect Your Trade Secrets
• Insurance Companies May Deny Claims – Learn How to Dispute Them
• Why a Business Agreement is Necessary to Avoid Partnership Disputes in Iowa
• Finance Leases - A Viable Equipment Financing Option Or A Trip To Hell

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What are trade secrets and why is it important to protect them?

A: Trade secrets are a company's confidential information. A trade secret may be a product, recipe, design, or any piece of secret information that makes one company different from another. Typically, companies invest a large amount of money in their businesses to perfect certain methods such as the manufacturing and distributing process, purchasing habits, sales methods, advertising techniques and more.

Also, trade secrets could be a company's client list or list of suppliers. If another competitive business got a hold of any of these items, it could cause a company to lose market share and dominance and allow the other company to capture some of their business.

Companies should always have their employers and vendors sign a non-compete agreement and a non-disclosure contract. If you need help learning how to protect your company's information, contact one of our experienced Iowa business litigation attorneys at the law firm of Brady & O'Shea today at (319) 866-9277 for a free legal evaluation.

Brad Brady

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FAQs

Business Litigation

• What are trade secrets and why is it important to protect them?
• What is a breach of contract?
• What is a Covenant Not to Compete?

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