The FTC ruling declaring non-compete agreements unenforceable may have a significant impact on trade secret litigation cases. Non-compete agreements are often used by companies to protect their trade secrets and other confidential information from being shared with competitors by former employees. However, if these agreements are not enforceable, it may make it more difficult for…
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Introduction The California Uniform Trade Secrets Act (“CUTSA”) allows for the recovery of reasonable attorneys’ fees and costs if “a claim of misappropriation [of trade secrets] is made in bad faith” The California legislature enacted this statute primarily to act as a “deterrent to specious claims of misappropriation. Section 3426.4 provides: “If a claim of misappropriation is…
Continue reading ›5 Examples of Companies That Almost Lost Their Trade Secret Trade secrets are a valuable asset for companies, providing them with a competitive edge in the market. These confidential formulas, processes, or information give businesses the opportunity to differentiate themselves from their rivals. However, even the most prominent corporations can fall victim to trade secret…
Continue reading ›One of the most important things about protecting your trade secrets is to take adequate measures to safeguard the confidentiality of your trade secret. Once your trade secret is disclosed, you can potentially lose all your protection. If, on the other hand, you take reasonable and adequate steps to safeguard your trade secrets, your IP…
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