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Your business' trade secrets are what set you apart. They are what give you an edge over the competition and make the products or services you provide unique in the industry. If they were revealed to your competitors, your ability to stay in business could be in...
Trade secrets can hold immeasurable value for a business. Although immeasurable is accurate, there are situations when it is important to try to give a trade secret an economic value. A valuation is helpful for planning purposes and is also needed in the event of an...
Who knew pizza could lead to serious legal battles? That is the case in a recent trade secret lawsuit, where frozen food delivery service Schwan’s has accused a competitor, Conagra, of hiring a research scientist to steal their frozen pizza dough recipe. Take a step...
Intellectual property protections can offer a variety of legal remedies. Whether a competitor attempts to steal a trade secret, trademark, or patent, the intellectual property (IP) holder can request an injunction. This will result in the court ordering the violating...
The United States Patent and Trademark Office (USPTO) defines trade secrets as information that is generally not known to the public and that has economic value. The holder of this information protects it and others, such as competitors, can generally not get this...
Have you ever seen the counterfeit handbags being sold that imitate expensive name brands? Have you ever seen a foreign product being sold in a store that looks suspiciously similar in style and packaging to a product made on U.S. soil? These products are likely...
Here’s a brief quiz for you about trade secret theft. Who is most likely to steal your trade secrets? State-sponsored hackers from Russia or China. The super-agile burglar who easily defeats your laser grid security system. Your own salesman. They say it’s who you...
Imagine your former employee is suddenly using all of your trade secrets to create his or her own business that competes with yours. Or, maybe a competing company hired your employee away from you in order to profit financially from the trade secrets your employee...