Trade Secret and Unfair Competition Law

Trade Secret & Unfair Competition Law

Competition is fierce and the misappropriation and unauthorized disclosure of trade secrets is an area of intellectual property protection not to be overlooked.

Appropriate trade secret identification and protection is often underrated but is equally as critical as patents or other forms of intellectual property (IP) protection that may require public disclosure.

It is essential to monitor the way your intellectual property is used and to protect it against infringement. This requires diligence in appropriately safeguarding and maintaining secrecy, communicating your legal rights and if necessary, defending your rights through legal action.

A trade secret is a practice, process, design, formula, 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. They are protected through the use of contracts, primarily non-compete and non-disclosure agreements, and are defined by the particular state in which they are being prosecuted.

In order to gain unfair advantage against competitors, some businesses and individuals engage in illegal business practices resulting in Unfair Competition, causing irreparable damage to the growth and success of your business.

We provide tailored trade secret policy development, inclusive of drafting non-disclosure agreements to allow the sharing of trade secrets with employees and business partners without destroying the integrity of your trade secret rights. Our attorneys have also assisted with the development of outside submission policies in order to protect you from false allegations of unfair competition or trade secret misappropriation.

Our qualified attorneys are experts in the field of pursuing claims arising from such unfair business practices and trade secret disclosures, and can assist in asserting your legal rights, recovering damages and exacting reparations resulting from these types of action.