Thursday, March 21, 2024

Trade Secret Cases On the Rise

Barnes & Thornburg LLP - Mitchell Berry
In recent years, there has been a noticeable uptick in trade secret litigation, signaling a shift in how businesses safeguard their valuable intellectual property...

Clients are increasingly turning to trade secrets as a means of protecting their innovations, particularly in sectors where rapid technological advancements and short product life cycles render patents less effective. Trade secrets offer perpetual protection as long as the information remains confidential, providing a valuable alternative for companies operating in dynamic and fast-paced markets.

The rise of trade secret litigation also highlights the need for robust internal policies and procedures to safeguard confidential information proactively. Companies must invest in measures such as employee training, restricted access controls, and non-disclosure agreements to mitigate the risk of inadvertent disclosure or theft of trade secrets. more

Did You Know: The legal system does not automatically protect Trade Secrets just on your say-so. You need to prove a history of special protections, like TSCM.