{"id":1250,"date":"2024-03-11T18:59:29","date_gmt":"2024-03-11T18:59:29","guid":{"rendered":"https:\/\/onellp.com\/?page_id=1250"},"modified":"2024-03-11T18:59:29","modified_gmt":"2024-03-11T18:59:29","slug":"trade-secret-law","status":"publish","type":"page","link":"https:\/\/onellp.com\/trade-secret-law\/","title":{"rendered":"Trade Secret Law"},"content":{"rendered":"[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” top_padding=”5%” bottom_padding=”5%” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” shape_type=””][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/4″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid” offset=”vc_hidden-md vc_hidden-sm vc_hidden-xs”][image_with_animation image_url=”1251″ animation=”Fade In” hover_animation=”none” alignment=”center” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”][\/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” column_element_spacing=”default” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1\/2″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” bg_image_animation=”none” border_type=”simple” column_border_width=”none” column_border_style=”solid”][vc_column_text]A trade secret is information that a person or company has spent time or money to acquire, that the owner tries to keep secret from those who do not need to have it \u2013 most especially competitors \u2013 and which has value to the owner, at least in part, because the information is not publicly available.\u00a0 Trade secrets are often some of the most-important information a business owns, yet they are also some of the least-protected.<\/p>\n

Everyone understands the importance of protecting their tangible assets, things that can be destroyed or stolen.\u00a0 Homes and businesses have locks on their doors, and many have alarm systems or some other form of security.\u00a0 This is the information age, however, and frequently a business\u2019s most important asset is not a piece of machinery, a tool, or a warehouse, but know-how.\u00a0 This information, a business\u2019s trade secrets, needs to be protected.<\/p>\n

Businesses can spend years developing their customer lists, and they need to protect them.\u00a0 They develop a novel way of manufacturing a product, and need to keep it away from competitors.\u00a0 They find a formula that allows them to do their jobs more-efficiently and therefore more-profitably, and need to make sure that others don\u2019t take away their new-found advantage.<\/p>\n

At One LLP, our trade secret lawyers help our clients protect their trade secrets before they are taken, by helping to develop appropriate security measures, by drafting confidentiality and other agreements to cover employees and business partners, and by helping our clients understand the legal wrinkles so their trade secrets are not forfeited by mistake.<\/p>\n

In addition, One LLP helps its clients protect their trade secrets in court, or defend against meritless trade secret misappropriation claims that have been leveled against them.\u00a0 For example, One LLP recently represented a manufacturing company in suing former employees who left \u2013 with company secrets \u2013 to start a competing business.\u00a0 After a jury trial, One LLP\u2019s client was awarded $7 million in damages, effectively shutting down the competing enterprise.<\/p>\n

Likewise, One LLP has represented former employees who were accused (wrongly) of stealing their former employer\u2019s trade secrets.\u00a0 In one case, the former employee was accused of trade-secret theft and was being sued for more than $3 million.\u00a0 One LLP tried the case before a jury, exposed the flaws in the opposing expert\u2019s damages theory, and convinced the jury to reject the expert\u2019s damages calculation.<\/p>\n

Some recent examples of trade-secret disputes include:<\/p>\n