Privacy, Business and Law

A good proprietary information agreement contains a broad definition of proprietary information which is covered by the agreement, including all information about the company’s current and planned products, marketing, forecasts, pricing, customers, and the salaries, duties, qualifications, performance levels, and terms of compensation of other employees.

Trade secrets are commercially useful ideas or information not generally known in the trade. They include technology and business information, and may consist of an intricate product design, a business plan, or knowledge of an important customer’s favorite baseball team.