Does your business have trade secrets? Do you have policies and procedures in place to keep them protected?
A trade secret is a piece of information, not known to others outside your business, that gives you an advantage over your competition. In order to be considered a trade secret, your business must take measures to ensure that it stays a secret. One of the best ways to do this is to have your employees, and anyone else with access to the trade secret, sign a non-disclosure agreement (NDA).
If you find out that your trade secret has been or is being used by another entity, New York law provides for a three-year statute of limitations within which to file a misappropriation lawsuit.
We are experienced in crafting non-disclosure agreements, can advise you on how best to protect your New York business’ trade secrets, and will represent you vigorously in the event that this confidential material is stolen from you. Call us today to schedule a consultation.