HCBE Faculty Articles
Title
Business Plans as Legally Protected Trade Secrets under the Uniform Trade Secrets Act
Document Type
Article
Publication Date
1-1-2014
Publication Title
Journal of Business Studies Quarterly
ISSN or ISBN
2152-1034
Volume
6
Issue/Number
2
First Page
42
Last Page
66
Abstract/Excerpt
Small and large businesses alike must all develop business plans that are made up of vital information, practices, and knowledge that can give them a competitive advantage in the industry. This information put into the business plan or model can be costly to develop and thus makes the plan valuable. These business plans and models must remain confidential; otherwise, they would lose their economic value. These business plans, trade secrets, and other models should be legally protected. This article discusses the Uniform Trade Secrets Act as a way to protect the confidential information of a business and entrepreneur when information is not patented, copyrighted, trademarked, or protected by a covenant-not-to-compete. Discussions, implications, and recommendations are provided for managers, business owners, and entrepreneurs who want to protect vital information from falling in the hands of their competitors.
NSUWorks Citation
Cavico, Frank J.; Orta, Miguel; Muffler, Stephen C.; and Mujtaba, Bahaudin G., "Business Plans as Legally Protected Trade Secrets under the Uniform Trade Secrets Act" (2014). HCBE Faculty Articles. 502.
https://nsuworks.nova.edu/hcbe_facarticles/502
Comments
http://jbsq.org/wp-content/uploads/2014/12/December_2014_4.pdf