Archive for the ‘Trade Secrets’ Category

Trade Secret Protection under the Trade Secrets Act

Thursday, August 23rd, 2012

What is a trade secret? A trade secret is anything within your business that is not generally known to the public, that’s not readily ascertainable, and that give you, your company, or your business an economic advantage or other advantage over your competitors.  And so a trade secret definition typically incorporates these various concepts.  That, number one, it has to be this process, design, pattern, information or formula which is unique to you, that only you know about, and that your company has available to it, other competitors do not.

The next concept is that it has to provide you an economic advantage over competitors. So, trade secrets, by definition, can’t just be something that no one else knows. They have to be something that no one else knows, and that gives you an advantage over your competitors.  And these are very important concepts.  Trade secrets are, by definition, confidential information for your company.  And trade secret law will provide you protection in order to keep those trade secrets out of the hands of your competitors if you take the appropriate actions to make sure that you keep the information confidential; that you treat the trade secret information as a confidential piece of information.

Continue reading Trade Secret Protection under the Trade Secrets Act »

Protecting Legitimate Business Interests

Thursday, June 7th, 2012

Well, a non-compete agreement, Matt, protects businesses. Most states in the country have indicated that in order for a non-compete agreement between an employer and an employee to be valid and enforceable, it must protect that business’s legitimate business interests.

Continue reading Protecting Legitimate Business Interests »

Protecting Your Trade Secrets

Tuesday, June 5th, 2012

Legally, it has a definition in the law. Most states in the United States have  adopted some form of the Uniform Trade Secret Act. Under the Uniform Trade Secret Act a trade secret has three basic characteristics. Number one, it is a secret. Secondly, it confers a competitive advantage on its owner. And thirdly, it is the subject of reasonable efforts, to maintain its secrecy. So three things, it’s secret. It contains an advantage to your business and it is subject to the maintenance of secrecy. And that is essentially the lay persons and the legal definition of a trade secret.

Continue reading Protecting Your Trade Secrets »

Misappropriation of Trade Secrets

Wednesday, March 28th, 2012

Welcome to Trade Secret Law Radio, we bring you the best in trade secret news, legal advice and information.  From trade secret misappropriation to trade secret agreement drafting and negotiation, we cover the issues here.

This is Brian Hall, an attorney with Traverse Legal, PLC.  A law firm that deals with the misappropriation of trade secrets throughout the United States.  Today, I will be talking about misappropriation of trade secrets. Continue reading Misappropriation of Trade Secrets »

What is Trade Secret Misappropriation?

Thursday, March 22nd, 2012

The Uniform Trade Secrets Act (UTSA) defines misappropriation as follows:

Section 1.2: “Misappropriation” means:

(i) acquisition of a trade secret of another by a person who knows or has reason to know that the trade secret was acquired by improper means; or
(ii) disclosure or use of a trade secret of another without express or implied consent by a person who
(A) used improper means to acquire knowledge of the trade secret; or
(B) at the time of disclosure or use, knew or had reason to know that his knowledge of the trade secret was
(I) derived from or through a person who had utilized improper means to acquire it;
(II) acquired under circumstances giving rise to a duty to maintain its secrecy or limit its use; or
(III) derived from or through a person who owed a duty to the person seeking relief to maintain its secrecy or limit its use; or
(C) before a material change of his [or her] position, knew or had reason to know that it was a trade secret and that knowledge of it had been acquired by accident or mistake.

Most states have adopted the Uniform Trade Secrets Act in total or with minor changes.  As such, in order to sustain a cause of action for trade secret misappropriation, you meet the statutory elements required.  This requires an understanding of what constitutes “improper means,” which is defined as theft, bribery, misrepresentation, breach or inducement of breach of a duty to maintain secrecy, or espionage through electronic or other means.  Therefore, an employer seeking a trade secret misappropriation lawsuit against an ex-employee can show, for example, that the ex-employee stole its trade secret on the way out the door.  Likewise, a third party who acquires or uses the trade secret information may also be liable if it knew or had reason to know of the theft.  Each matter has facts specific to the misappropriation, but a plain reading of the statute will help determine if you have a valid trade secret misappropriation lawsuit.

How to Protect a Trade Secret

Thursday, December 29th, 2011

Welcome to Trade Secret Law Radio, we bring you the best in trade secret news, legal advice and information.  From trade secret misappropriation to trade secret agreement drafting and negotiation, we cover the issues here.

This is Brian Hall, a trade secret attorney with Traverse Legal, PLC, a law firm that represents clients and companies throughout the United States on all issues related to trade secret identification, protection, and enforcement. Continue reading How to Protect a Trade Secret »

What Is Trade Secret Law?

Tuesday, December 27th, 2011

Not to be confused with trademark protection or patent law, a trade secret is, essentially, knowledge. Wikipedia defines a trade secret as “a formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers.” Under trade secret law, this can span a wide range of practical business assets including, but certainly not limited to, customer lists, customer needs and wants, marketing data and development processes that are specific to said company. Anything that derives independent economic value from the fact that it is proprietary knowledge can be considered a trade secret.

If you are looking to protect your trade secrets, contact an internet lawyer today who specializes in trade secret law.

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Events & Conferences:
  • International Trademark Association 2011, San Francisco, California
  • Cyber Law Summit 2011, Las Vegas, Nevada
  • Game Developers Conference 2011, San Francisco, California
  • DOMAINfest 2011, Santa Monica, California
Recent Attorney Speaking Engagements:
  • South By Southwest 2010 SXSW Interactive Conference, Austin, Texas
  • West LegalEdcenter Midwestern Law Firm Management, Chicago, Illinois
  • Internet Advertising under Part 255, Altitude Design Summit, Salt Lake City, Utah
  • Online Defamation and Reputation Management, News Talk 650 AM, The Cory Kolt Show, Canada Public Radio Saskatewan Canada
  • Alternative Fee Structures, Center for Competitive Management, Jersey City, New Jersey
  • FTC Part 255 Advertising Requirements, Mom 2.0 Conference, Houston, Texas
  • Webmaster Radio, Cybersquatting & Domain Monetization, Fort Lauderdale, Florida
Notable Complex Litigation Cases Handled By Our Lawyers:
  • Trademark Infringement, Milwaukee, Wisconsin
  • Cybersquatting Law, Trademark Law and Dilution Detroit, Michigan
  • Internet Defamation & Online Libel Indianapolis, Indiana
  • Trade Secret Theft, Chicago, Illinois
  • Cybersquatting Law, Anticybersquatting Consumer Protection Act Miami, Florida
  • Cybersquatting Law, Anticybersquatting Consumer Protection Act Eastern Dist. of Virginia, Alexandria
  • Stolen Domain Name, Orlando, Florida
  • Commercial Litigation, Tampa, Florida
  • Copyright Infringement and Cybersquatting Law, Grand Rapids, Michigan
  • Mass Tort Litigation, Los Angeles, California
  • Stolen Domain Name, Detroit, Michigan
  • Adwords Keyword Trademark Infringement, Los Angeles, California
  • Trademark Infringement & Unfair Competition, Boston, Massachusetts
  • Non-Compete Agreement and Trade Secret Theft, Detroit, Michigan
  • Mass Tort, Philadelphia, Pennsylvania
  • Mass Tort, Tyler, Texas
  • Insurance Indemnity, New York
  • Copyright Infringement, Detroit, Michigan
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