Trade secrets may very well be the most valuable thing that a company owns. They drive that company's success. They're more important than operational processes or individual employees. They matter more than investors or advertising. They also can define how well a company does and how long it lasts.
In the creative arts, there are few accusations as serious as plagiarism. Stealing someone else's intellectual property and passing it off as your own is not only illegal, but it can damage the reputation of every original work you came up with.
The first year that your new company is in business goes very well. You've created a new product that clearly addresses a problem and meets a need. Consumers are happy to buy it, and you make plans to expand your product line.
You may have heard that a man who won on Laugh Factory claimed they never paid him and decided to sue the company. It's getting even more complicated now, though, as Laugh Factory has turned around and sued the comedian, saying that he tried to run a scam to steal their trade secrets.
United Parcel Service (UPS) has filed a trademark infringement complaint in California, contending a marijuana-delivery business is affecting its branding.