Trade Secrets

A trade secret is 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. In some 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. It has been theorized that the doctrine of trade secrets should protect competitively valuable, personal information of company executives, in a concept known as “executive trade secrets”.
Posts about Trade Secrets
  • Whistleblower Retaliation Case Leads to $1.4 Million Fine

    … investigation. In May of 2015, the SEC learned of the language and asked SandRidge to remove the anti-cooperation language. The Commission also asked the company to contact its present and former employees and let them know the non-cooperation policy was illegal and had been repealed. SandRidge and Illegal Whistleblower Retaliation In the fall of 2012…

    Due Diligence- 13 readers -
  • Common Questions – Can I Copyright My Formula?

    … Probably not. No matter how new a formula (a.k.a. recipe) may be, if it simply comprises a combination of ingredients mixed together to form a new and unique dish, it is not likely to be copyrightable. And, once published, even if the recipe contains additional descriptions or commentary or similar copyrightable expressive content, nothing would actually prevent someone from making the dish. The post Common Questions – Can I Copyright My Formula? appeared first on Privacy and IP Law Blog. …

    Christina Frangiosa/ Privacy and IP Law Blog- 6 readers -
  • Everything Is Interesting: Making Traditionally Boring Topics Relevant

    … to make way for fire trucks, ambulances, and police cars, Texas drivers would likely be surprised to learn that they have to move over for tow trucks too. Drivers in Arkansas would probably be shocked to know that failure to abide by move over laws could lead to a three-month jail sentence. Content Marketing For Lawyers A proper content marketing…

    Stacey E Burke Blog- 20 readers -
  • Business Owners & the New Federal Claim for Trade Secret Misappropriation

    … On May 11, 2016, Pres. Obama signed into law the Defend Trade Secrets Act of 2016, S. 1890, 114th Congr. (2d Sess. 2016) (“DTSA“), which provides for the first time a federal private right of action to litigants for trade secrets violations. Most states – except for Massachusetts and New York – have enacted versions […] The post Business Owners & the New Federal Claim for Trade Secret Misappropriation appeared first on Privacy and IP Law Blog. …

    Christina Frangiosa/ Privacy and IP Law Blog- 10 readers -
  • OBTAINING TEMPORARY INJUNCTION TO ENFORCE NON-COMPETE AGREEMENT

    … When a party breaches a non-compete agreement (with a non-solicitation clause), the non-breaching party typically moves for a temporary injunction. The breaching party is the party that signed the non-compete agreement, such as a former employee or consultant that agreed not to solicit its employer’s customer lists or referral sources upon…

    Florida Construction Legal Updates- 11 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 -
  • Copyrighting Software? Don’t Rely on Screenshots Alone!

    …, Inc. v. Manitoba Hydro, the Second Circuit considered whether a plaintiff had jurisdictional standing to file suit for copyright infringement relating to its software – specifically because the plaintiff applied for copyright protection only over screen shots showing various displays that appear when its software was used and not in the software…

    Christina Frangiosa/ Privacy and IP Law Blog- 9 readers -
  • Creating an Enforceable Noncompete Agreement

    … Creating an Enforceable Noncompete Agreement Noncompete agreements, also known as noncompetition agreements or simply noncompetes, restrict what a former employee of a business can do during or after he leaves. Since an employee is typically privy to private business information and trade secrets, these agreed-upon restrictions (a/k…

    Stephen Hoffman/ Hoffman Law Office, P.C.- 11 readers -
  • Can a Court Sanction a Whistleblower?

    … for stealing trade secrets and won. The company was awarded a $9.4 million judgment. Jacobs filed a False Claim Act whistleblower suit on behalf of the U.S. government and claimed that his former employer had defrauded the Navy. Given the timing of the two suits, the judge hearing the whistleblower suit warned Jacobs and his attorney that he would impose…

    Due Diligence- 8 readers -
  • Auditors as Whistleblowers

    … – America’s Whistleblower Lawyers Find me on Google +! This entry was posted on May 7, 2015, 1:00 pm and is filed under Fraud Recovery. You can follow any responses to this entry through RSS 2.0. Both comments and pings are currently closed. …

    Due Diligence- 9 readers -
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