47

Failure to Limit Assigning The "Confidential" Tag to Only Confidential Information

Why This Mistake Will Hurt Your Business:

You have to know what’s confidential and what isn’t to know what info to protect. And you have to protect confidential info for it to be a trade secret. So making this mistake could result in your info not being a trade secret.

46

Failure to Distinguish What of Your Information Is Confidential and What Isn't

Why This Mistake Will Hurt Your Business:

Like many of these trade secret mistakes, you could lose the value of your trade secret if you don’t actually indicate what information is supposed to be confidential.

45

Failure to Understand When Trade Secrets Are Better or Worse Than Patents (AM 45)

Why This Mistake Will Hurt Your Business:

Apart from being precluded from going with the other IP type, this could also cost you years of protection. This is because you’ll lose the value of your IP early if you make the mistake.

44

Failure to Follow the Required Guidelines to Ensure You Have Trade Secret Protection

43

Failure to Understand the Protections Trade Secrets Offer and Don't Offer

Why This Mistake Will Hurt Your Business:

If you make the mistake of thinking that trade secrets are protected from reverse engineering, then the mistake could cost you the value of your company.

42

Failure to Understand What's Required for Information to Be a Trade Secret

Why This Mistake Will Hurt Your Business:

For a lot of new companies, their entire value is in trade secrets. If your information was never a trade secret, then arguably your company would be worth nothing.

41

Failure to Protect Your Confidential Information

Why This Mistake Will Hurt Your Business:

Just like all these other mistakes, it could cost you your business to lose all your trade secret protection.

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