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IPR: How can I protect my trade secrets in Taiwan? |
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Written by Eiger Law
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Wednesday, 01 October 2008 21:17 |
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Trade secrets include a very wide variety of a business’ confidential, proprietary information – everything from customer lists, secrets that give your business an advantage, marketing plans, sales numbers, ideas, as well as even the problems that your company specifically may face. Taiwan has a Trade Secrets Act that is closely modeled on its U.S. counterpart, as well as provisions of the Criminal Code that may be applicable to certain situations. It is important to have business partners exposed to your sensitive information sign Non-Disclosure Agreements (“NDAs”). It is also important to have relevant employees exposed to sensitive information sign NDAs or have provisions protecting confidential information within their employment contracts. You should also have systems in place to limit the access of employees to sensitive information and files, clearly mark confidential files as “CONFIDENTIAL”, and hold training programs to ensure that employees act appropriately to protect your sensitive information as well as that of your other business partners. However the specific needs of companies may often need the advice of local counsel experienced in handling trade-secrets issues.
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