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Keeping your business secrets confidentially.
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[QUOTE="blessingc, post: 238109, member: 73446"] If you don't keep your secrets to remain a secret, you have alot to lose from your business and even your life. Effective confidentiality management provides control and prevents unfounded information from impacting the sale. If customers discover you are selling the business, they may be less willing to do business with you, because they can’t predict what will happen next or how it will impact them. Your competitors are fully aware of this, and can be expected to use any information about a possible sale to help lure customers away from you. They can also consider hiring, people they know you might want to hire. They could duplicate your efficiency and compete with you more effectively. It’s hard to protect your secrets if you haven’t identified them. When you identify them make sure to keep some precautions to avoid leaking them out. Documents that contain or reflect trade secret information should be labeled "confidential." Limit copies and circulation of these documents and, when necessary, number copies and require the documents be checked in and out. Taking responsible actions can not only help prevent trade secrets from falling into the wrong hands, but should a trade secret ever be misappropriated, a court of law may be more sympathetic to your case. You can take it to court if you have the ability and finance for it. [/QUOTE]
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Keeping your business secrets confidentially.
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