Trade secrets, ideas and IP

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Just as the way that you create ideas, products, services, materials and experiences can take many different forms, so the way to protect these creative efforts can vary. And the forms of protection – as well as the options you have to commercialise the end result – also varies significantly, depending on what you want to achieve and where you want to achieve it. Here we demystify what it means when we refer to copyright, trade marks, design rights, patents and passing off.

In addition, you probably possess very important confidential information in your business: your trade secrets. We give you guidance on keeping those secrets, secret! Have you considered that if you employ people in your business, they may be in a position to exploit your IP or confidential data for their own gain, possibly by using their knowledge to assist a competitor? If they’re not properly trained, they may even do this inadvertently, which can still create vulnerabilities for your business, both in terms of the competitive edge that you may lose, but also since such disclosures could be unlawful of themselves (e.g. breach the competition and cartel rules, which apply to businesses small and large). We recommend using our guides as your starting point and to set helpful context for the way in which you use our templates and other documents. If you’re ever unsure about how to use any of our materials, just get in touch on the contact details below.

Need some tailored advice or a quick chat? Click here to find out more about how we can help you apply elXtr’s content to your business.