Trusler & Associates, PLLCTrade Secrets
Today, the values of a company’s intangible assets exceed those of its tangible assets. Businesses worldwide expose and often lose those intangible assets to espionage, misappropriation, theft and accidents on a day-to-day basis. Furthermore, businesses are increasingly open to possible security breaches and loss of information due to their reliance on technology (such as the Internet), the turnover of skilled information workers, and the proliferation of joint ventures.
Although no company or individual is immune to these risks, such exposures and losses can often be prevented or minimized using legal counsel and thorough business planning. Implementing and updating trade secret protection policies and acting on advice of legal counsel can assist businesses and individuals with protecting and retaining their priceless trade secrets and can shield them from charges of impropriety and other liabilities through strategic legal planning. Some of the ways we assist clients with protecting their trade secrets include:
- Auditing trade secret portfolios and protections
- Working with experts to identify and evaluate trade secrets
- Providing on-site custom legal counsel for management and staff by creating a unique trade secret protection program to fit with the business culture and emphasize the importance of trade secret recognition and protection
- Drafting non-compete agreements, intellectual property assignments, and confidentiality and non-disclosure agreements
- Customizing business practices to avoid allegations of impropriety and/or the illegal acquisition of others’ trade secrets
- Prosecuting and defending emergency temporary restraining orders and preliminary injunctions
- Handling alternative dispute resolutions for trade secrets including arbitration and mediation
- Establishing procedures and tools to monitor and police trade secrets against theft and espionage
