How Trade Secrets Law Protects Contractor Proposal Info
Law360, New York (November 12, 2014, 10:11 AM EST) -- In a time of shrinking budgets and contracting opportunities, government contractors should be aware that the information compiled in their proposals has grown increasingly more valuable. Fortunately, the Uniform Trade Secrets Act is a tool contractors can use to protect their trade secrets, but they must employ basic protections by:
Always marking their proposal documents with restrictive legends;
Imposing restrictions on subcontractors' or consultants' use of trade secrets;
Requiring each employee to execute a nondisclosure agreement; and
Carefully checking to ensure former employees do not make unauthorized disclosures of trade secrets, including proposal information.
Overview of Risks of Disclosure of Trade Secret...
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