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What is a trade secret audit?
Confidentiality audits are important to conduct at regular intervals. A confidentiality audit is an assessment of the confidentiality procedures in your company and the effectiveness of those procedures. You can begin by preparing an explanation of the procedures in place. From the explanation, counsel will come into your company for a short period of time to gather any remaining information and to physically observe the situation. Based upon all the information from the audit, counsel will prepare a legal opinion and provide you with counsel's thoughts regarding your program. The charge will depend upon the size of the company and the preparation work done before counsel's visit. Larger companies take more effort to analyze than small companies. The legal opinion can be used as persuasive evidence in trial should litigation become necessary.
Updated: 11/12/99
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