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Companies trying to protect trade secrets have some work to do.
Many businesses owe their success to a trade secret - whether it's Grandma's recipe for biscotti, a special part that goes into a widget, or even a proprietary method for making a certain part or product. Protecting that secret and keeping it out of the hands of competitors can be vital to the continued success of the business. In the United States, there are laws to protect intangible assets, including trade secrets. But the company and all of its employees must do their part as well. Most states have adopted some form of the Uniform Trade Secrets Act, which defines and protects trade secrets.