(62) See Katherine Linton, The Importance of Trade Secrets: New
property protections for trade secrets, copyrights, patents, and
A paper co-authored by create.org and Price-water-house Coopers estimates that trade secret theft ranges from 1% to 3% of the Gross Domestic Product of the U.S.
If you do so, your metalcasting facility may be eligible to recover double damages or attorney fees in trade secret litigation.
As a result civil litigation, two major legal theories began to emerge and subsequently impact both the legal status of trade secrets and remedies associated with their misappropriation (Graves, 2007).
526) More recent case law has also reinforced the property-like attributes of trade secrets (Epstein, 2004).
On the condition that another company creates a competing product using your secret data (a valuable trade secret) or market products to your proprietary customer list (a valuable trade secret), you won't be able to exercise quality control again.
If your trade secret is leaked, the demand for the same resources or supplies you need to create your products-will increase, as competitors start buying them, so they can build competing products.
Pardue is the Chair of the Trade Secrets
Committee of the Georgia Bar Intellectual property Section.
Trade secrets can be almost any business information that is valuable because it is secret.
Most states, including Utah, have laws to protect trade secrets through a version of the Uniform Trade Secrets Act.