5.1 KiB
5.1 KiB
Trade Secret Policy
Effective Date: ___ [Date] ___
Issued by: Midas Technologies LLC
This Trade Secret Policy ("Policy") outlines the responsibilities, protocols, and procedures of Midas Technologies LLC (the "Company") for safeguarding and managing trade secrets and other confidential information critical to the Company’s business success.
1. Purpose and Scope
- Purpose: This Policy aims to protect and maintain the confidentiality of the Company’s trade secrets and other proprietary information, including algorithms, trading models, data analytics, and strategic plans.
- Scope: This Policy applies to all employees, contractors, consultants, vendors, and any other individuals who may have access to the Company’s trade secrets (“Authorized Persons”).
2. Definition of Trade Secrets
- Trade Secrets: For the purposes of this Policy, “Trade Secrets” refer to any confidential and proprietary information of the Company that provides a competitive advantage, including but not limited to:
- Trading algorithms, data models, proprietary software, and technical know-how.
- Market analysis, economic indicators, and proprietary research.
- Business strategies, client lists, and financial data.
3. Confidentiality Obligations
- Non-Disclosure: Authorized Persons are required to keep all Trade Secrets strictly confidential and must not disclose them to any third party without the Company’s prior written consent.
- Use Limitation: Trade Secrets shall be used solely for the benefit of the Company and exclusively for tasks related to the Authorized Person’s role. Any unauthorized use is strictly prohibited.
4. Access Control and Security Measures
- Access Limitation: Access to Trade Secrets is limited to Authorized Persons who require such information to fulfill their professional responsibilities. The Company reserves the right to monitor and limit access to Trade Secrets based on role and necessity.
- Security Measures: The Company employs industry-standard security protocols, including encryption, password protection, and secure storage, to protect Trade Secrets. Authorized Persons are required to follow all security protocols.
- Physical Security: Where applicable, physical access to documents, servers, and devices containing Trade Secrets is restricted to authorized personnel only.
5. Employee and Contractor Responsibilities
- Acknowledgment of Obligations: All employees, contractors, and vendors must acknowledge and agree to this Policy upon onboarding or contracting with the Company.
- Exit Obligations: Upon termination of employment or contract, all Authorized Persons must return all Company property, including devices, documents, and files, and certify the deletion of any Trade Secrets stored on personal devices.
6. Reporting and Addressing Unauthorized Disclosure
- Duty to Report: Any Authorized Person who becomes aware of unauthorized access, use, or disclosure of Trade Secrets is required to promptly report it to the Company’s [Designated Officer, e.g., COO].
- Investigative Measures: The Company will promptly investigate any potential or actual breach of this Policy and may take disciplinary action, including termination or legal action, as appropriate.
7. Consequences of Policy Violation
- Disciplinary Action: Violation of this Policy by employees may result in disciplinary action, up to and including termination of employment or contract.
- Legal Recourse: The Company reserves the right to pursue legal action, including seeking damages or injunctive relief, against any individual or entity responsible for the unauthorized use or disclosure of Trade Secrets.
8. Legal Protections
- State and Federal Laws: This Policy is designed to comply with applicable state and federal trade secret laws. The Company’s Trade Secrets are protected under the [Your State’s Trade Secret Act] and the Defend Trade Secrets Act (DTSA) where applicable.
- Whistleblower Protections: In accordance with the DTSA, Authorized Persons are advised that they shall not be held liable for disclosure of Trade Secrets made in confidence to a government official, attorney, or as part of a court filing under seal for the purpose of reporting or investigating a suspected violation of the law.
9. Policy Acknowledgment
- Each Authorized Person is required to sign an acknowledgment of this Policy, affirming their understanding of and commitment to safeguarding the Company’s Trade Secrets.
Acknowledgment of Trade Secret Policy
By signing below, I acknowledge that I have read, understand, and agree to comply with the Midas Technologies LLC Trade Secret Policy. I am aware of the importance of protecting Trade Secrets and understand that failure to comply with this Policy may result in disciplinary or legal action.
| Authorized Person’s Name | Signature | Date |
|---|---|---|