Trade Secret

A trade secret is an invented formula, practice, process, design, instrument, pattern, commercial method, or compilation of information which is not generally known or reasonably ascertainable by others, and by which a business can obtain an economic advantage over competitors or customers. In some international jurisdictions, such secrets are referred to as "confidential information", but are generally not referred to as "classified information" in the United States, since that refers to government secrets protected by a different set of laws and practices.
Posts about Trade Secret
  • Judge to Company – “Don’t Sue Whistleblower for Taking Documents”

    … to 30% of whatever the government collects from the wrongdoer. With triple damages and penalties of up to $11,000 per each false claim or bill, both damages and the subsequent awards can mount quickly. Matt filed his case in 2013. He also filed state False Claims Act claims on behalf of Georgia, Iowa, Indiana, Minnesota, Texas and Oklahoma…

    Due Diligence- 19 readers -
  • A Newly-Minted Cause of Action

    … On its way to President Obama for signature is the Defend Trade Secrets Act (DTSA), passed yesterday by the House (and previously passed by the Senate), which amends the Economic Espionage Act to create a private civil cause of action for trade secret misappropriation. In effect, the DTSA creates a federal cause of action for an intellectual…

    Stacy Stitham/ Brann & Isaacson- 17 readers -
  • The Gold Standard of Intellectual Property

    … source identifying. What about trade dress’s kissing cousin, a design patent? Even the USPTO cites Coca-Cola’s design patent – ultimately funneled into a trademark – as a “classic” example of overlapping IP protection. And the Coke formula itself may be the quintessential example of a trade secret. So this New Years, instead of champagne, consider…

    Stacy Stitham/ Brann & Isaacson- 35 readers -
  • How to Develop an IP Portfolio for Small Businesses

    … how do you do it? Intellectual property is generally broken down into four major categories: patents, copyrights, trademarks, and trade secrets. Patent law protects novel inventions, systems, and processes for a term of years. Copyright law protects original works of authorship such as books, music, software, mobile apps, and websites, among…

    Stephen Hoffman/ Hoffman Law Office, P.C.- 13 readers -
Get the top posts daily into your mailbox!