How can a company balance the need to protect its trade secrets with ensuring worker safety?

Expert Solution

The trade secrets can be protected by the company without registration. These can be protected for an unlimited time period and does not require any procedural formalities. Thus it may continue for an indefinite time frame as long as the secret is not revealed or legally acquired by others and revealed to the public. These secret acts as lifeblood of the business operations and success of many ventures. Thus it is important for business to take protective measures with usage of the proper agreements with employees; implementing procedures and policies for the protection against theft, including handbook provisions for employees; educating human resource management and other staff about the proper administration of such agreements; and enforcing these procedures and policies. An appropriate nondisclosure agreement should be signed by the workers and the necessary disclosure protocols should be in place. Moreover the workers must be informed that unauthorized access or usage of trade secrets or breach in measures of security will result in appropriate discipline

Rahul Sunny answered 1 year ago

(a) Define ‘trade secret’. (b) What must you do to protect your company’s trade secrets? (c)...

(a) Define ‘trade secret’. (b) What must you do to protect your company’s trade secrets? (c) Do you think all wrongful taking of protected trade secrets should be a crime, punishable by criminal fines and prison? Or would civil (tort and/or contract) remedies provide enough protection? Explain your views.

how can private equity fund protect its capital in an investment?

What measures can a country take to deal with its balance of trade deficit?

Do you think there is still a place and need for trade unions? Can a trade...

Do you think there is still a place and need for trade unions? Can a trade union acquire certain organisational rights? Explain.

When a country’s currency depreciates against the currencies of its major trade partners, its trade balance...

When a country’s currency depreciates against the currencies of its major trade partners, its trade balance often worsens in the short run before it starts to improve. This leads to a J curve in the trade balance. Illustrate the J curve graphically. Explain why the J curve happens

Briefly describe internal control and how can it be used to protect assets. How can petty...

Briefly describe internal control and how can it be used to protect assets. How can petty cash funds be used for internal control purposes? Why are bank accounts used? What is bank reconciliation, and why should a business use it? Why is it necessary to record journal entries after the bank reconciliation has been prepared? Calculate and compare Target Corporation's cash to its biggest competitor for the two years preceding the current year. What does the cash ratio help to...

1) Briefly contrast a nation’s level of trade with its balance of trade and identity three...

1) Briefly contrast a nation’s level of trade with its balance of trade and identity three factors that strongly influence a nation’s level of trade.

Briefly contrast a nation’s level of trade with its balance of trade and identify three factors...

Briefly contrast a nation’s level of trade with its balance of trade and identify three factors that strongly influence a nation's level of trade.Then identify and list from greatest to smallest the main budget categories for the US federal government.

Topic: (Gender Discrimination) Describe how companies can balance the need for diversity in their workplace with...

Topic: (Gender Discrimination) Describe how companies can balance the need for diversity in their workplace with employment law considerations. (250 words or less)

what are steps that a small business can take to protect its brand? explain

Question