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Posts tagged "Trade Secrets"

Protect your trade secrets with the following actions

You've spent decades building a successful business. During this process, you've acquired numerous tricks of the trade, amassed extensive client and customer contact lists, invented new ways of doing things more efficiently and developed proprietary technologies that help you keep your customers happy. These are your "trade secrets," and you need to protect them if you want to stay competitive in your industry.

United States-China trade secret problems increase tensions

In the latest international news, it has been shown that the United States has charged Chinese companies in relation to the theft of trade secrets. The Nov. 5 report describes the United States formally charging both China and Taiwan along with three individuals were allegedly stealing trade secrets from a semiconductor company in the United States.

Scientists accused of stealing from GlaxoSmithKline

Here's an interesting story about a second scientist who has pleaded guilty to stealing trade secrets from GlaxoSmithKline. This was the second former scientist who had worked for the company to appear in court and plead guilty to stealing the company's secrets to help benefit a pharmaceutical company based in China that they had been a part in establishing.

J. Craig Venter accused of stealing his own trade secrets

When a person leaves your company, even if that person is you, the founder, there are rules in place that prevent trade secrets from being used to harm the company. Chief executive officers (CEOs) often believe that they're immune from these rules, but there is a possibility that you could be accused of stealing your own trade secrets if you're fired from your company.

You have a right to protect your trade secrets

A trade secret is any confidential information relating to your business that gives your business an edge on competition. For example, if you have a specific process for developing products at a low cost, you wouldn't want your competitors to discover that. If your competitors did, then you would again have to compete with others who could sell similar items at the same price point.

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To protect your valuable idea, contact our lawyers at Costello Law Corporation to set up an initial consultation. We are ready to assist you in any intellectual property issue.

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