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: The Trade Secrets Vault

Think It... Ink It... And Get It Signed

Leslie Lyon "The number one de-motivator in the world of work, is not knowing what is expected" -Your Staff Contracts should be in place before you begin recruiting. And if you are an existing business, it's never too late to introduce these important documents NOW. ... 10. Confidentiality Agreements -This contract may also be referred to as a Non-Disclosure, Privacy, or Trade Secrets Agreement. These documents need to be in place to ensure Employees do not divulge your confidential information to anyone else, particularly your competitors, or use it for their own gain at some point in the future. It is usually only necessary to create a non-reciprocal or unilateral agreement, whereby only the employee is not allowed to disclose confidential information of the employers. This document should always be developed with the assistance of your lawyer. Trade Secrets are anything that you consider to be your business advantages, such as your client base, financials, research & development, service procedures, ingredients, etc. If you consider them pertinent to maintaining your leading edge in the business, you must treat them as such in order for this contract to be useful in a court of law. This may mean restricting access and labeling specific information with signage like: "Not to be used outside of the Spa"; or "For your Eyes Only".

Full post as published by The Trade Secrets Vault on March 02, 2008 (boomark / email).