Clubs · Nov 28, 2024 · 1 min read
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Clubs · Nov 28, 2024 · 1 min read
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A trade secret protection agreement typically includes clauses on the definition of secrets, confidentiality obligations of parties, duration of confidentiality, and measures for handling breaches. These clauses help protect a company's critical information from disclosure.
According to the provisions of Article 4 Circular 10/2020/TT-BLDTBXH Regulations on protecting business secrets and technology secrets are as follows:
“1. When an employee works directly related to business secrets or technological secrets according to the provisions of law, the employer has the right to agree with the employee on the content of secret protection. business, technology secrets in labor contracts or other documents as prescribed by law.
2. Agreement on protection of business secrets and technology secrets may include the following main contents:
a) List of business secrets and technology secrets;
b) Scope of use of business secrets and technology secrets;
c) Term of protection of business secrets and technological secrets;
d) Methods of protecting business secrets and technology secrets;
d) Rights, obligations and responsibilities of employees and employers during the term of protecting business secrets and technology secrets;
e) Handling violations of agreements to protect business secrets and technology secrets".
Thus, the protection of business secrets includes the following main contents:
- List of business secrets and technology secrets;
- Scope of use of business secrets and technological secrets;
- Time limit for protecting business secrets and technological secrets;
- Methods of protecting business secrets and technology secrets;
- Rights, obligations, and responsibilities of employees and employers during the term of protecting business secrets and technology secrets;
- Handling violations of agreements to protect business secrets and technology secrets.
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