In some trade secret disputes, the wrongdoing falls on the shoulders of an individual worker. This person might intentionally steal proprietary information or share it with a competitor in exchange for something like a lucrative job offer. However, sometimes...
Trade Secrets
What are ‘reasonable measures’ for protecting trade secrets?
Protecting trade secrets requires parties to take reasonable measures to keep the information in question private. However, the phrase "reasonable measures" can seem vague and subjective, creating confusion and vulnerabilities in a business's intellectual property....
Specificity is key when protecting trade secrets
One of the most common mistakes businesses make when trying to protect their proprietary information is being too vague. Failing to be specific enough when it comes to employment agreements, confidentiality clauses or enforcement actions could render them ineffective....
Protecting trade secrets with a nondisclosure agreement
Mergers and acquisitions can be enormously complex transactions. Parties are sharing, investigating and accessing an incredible amount of information, including trade secrets, which can be vulnerable to misuse if it falls into the wrong hands. Thus, having a...
What are the benefits of mediating a trade secret dispute?
A company's trade secrets may be their most valuable asset, whether the information is for a secret recipe or an algorithm. Thus, protecting this proprietary data is a top priority. However, this does not mean that a violation regarding trade secrets must result in...
Protecting digital trade secrets
Companies used to keep sensitive information in locked filed cabinets or safes that physically stopped unauthorized parties from accessing it. Today, however, companies typically store trade secret files digitally. Protecting this information can require more...
Employee at center of international effort to steal trade secrets
Coca-Cola's formula is one of the most commonly cited examples of what a trade secret is. But the recipe for their soda is not the only intellectual property the company must protect. A recent case highlights this, as a former Coca-Cola employee has been convicted of...
Protect your company from misappropriation by acquisition
Discussions between businesses involving acquisition are highly sensitive. There can be vast sums of money involved, and the future of both entities rests on the outcome of these conversations. Thus, they must be open, honest and protected. However, situations can...
Zoom in on protecting your trade secrets during video calls
When people hop on a video call for work, their main concerns can be making sure they are muted and putting on some work-appropriate clothes so that they don't embarrass themselves. However, it could be far more embarrassing for a person to get caught revealing...
Collaborating with others? Define and protect trade secrets
Collaboration, particularly in STEM-related fields, can be vital to the advancement of technological solutions and developments. Considering the sensitive nature of all that goes into new products and ideas, confidentiality is critical to these collaborative efforts....