Finally, (a) 9.27% of reported incidents were identified as originating from 3rd party vendors/contractors that had access to the organization's
trade secrets, proprietary information, and IT systems; and (b) .5% of reported
trade secret thefts were the result of collusive activities between company insiders and outsiders (Shey, 2013).
There are some real disasters that your business could face if you do not protect your
trade secret now.
This pocket reference is intended for law students and attorneys as well as business professionals; it can also serve as a companion to the authorsAE Cases and Materials on
Trade Secret Law, 2nd Edition.
A similar approach may be appropriate with respect to
trade secret misappropriation.
number of academic publications focused on various
trade secret aspects.
Summary:
Trade secrets can provide great economic value in certain technological and business realms, making effective measures for preventing theft critically important.
While many of us might not think of
trade secrets (such as the formula for Coca-Cola) as being commonplace, the National Science Foundation estimates that corporations actually employ
trade secret protection perhaps two times as often when compared to patents.
The enactment of the Defend
Trade Secrets Act (DTSA) in 2016 has provided federal jurisdiction for
trade secrets claims, which allowed owners with misappropriated
trade secrets to file complaints in the federal court.
A federal grand jury indicted a state-owned enterprise of the People's Republic of China, a Taiwan company, and three individuals, charging them with crimes related to a conspiracy to steal, convey, and possess stolen
trade secrets of an American semiconductor company for the benefit of a company controlled by the PRC government.
A company seeking damages for misappropriation of
trade secrets will be able to offer, through its expert, alternative methods among which the jury can choose to calculate an award.<br />Damage calculations<br />Cross-plaintiff JELD-WEN seeks damages only for Cross-defendant Steves & Sons Inc.'s unjust enrichment or, alternatively, a reasonable royalty based on Steves's use of JELD-WEN's
trade secrets.<br />JELD-WEN's damages expert, J.