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hello im nicole mergo and for more than 20 years ive been an employment defense and trial lawyer at nexon pruitt proprietary information can be your companys greatest asset but when those assets are misappropriated by a current or former employee the loss can be devastating to your business the legal protections afforded to your companys proprietary information depend both on its nature and the steps the company takes to protect it for example confidential information can only be protected by contract or common law obligations trade secrets are also considered confidential but to qualify for the greater protections afforded by that legal term they must meet two more stringent requirements first the information must have independent economic value arising from its secrecy to competitors and second the company must take reasonable measures to maintain the secrecy of the information trade secrets meeting that definition are protected by state and federal statutes that provide favorab
