Increased employee mobility and new technologies have made trade secrets and proprietary information more accessible and easier to steal. The spike of electronic espionage and cybertheft has left companies increasingly concerned about how to protect trade secrets and confidential information.
Trade secrets are not located in a vault or on a balance sheet—but in the cloud, on remote hard drives and international servers and in employees’ heads. In the hands of competitors, trade secrets can provide a powerful advantage. For the victim, it can represent a substantial financial loss.
We employ a holistic strategy because we know trade secrets and proprietary information are more than “IP issues” or “employment matters.” They are valuable assets. We understand trade secret identification, classification and valuation, and how to protect them by developing comprehensive policies and written agreements. Our experience extends across many industries, including entertainment and fashion, financial services, life sciences, manufacturing and technology. We are well-versed in the law, including the Defend Trade Secrets Act and the Uniform Trade Secrets Act.
SHRM | March 28, 2017
Providence commercial litigation counsel Steve Richard contributed this article about a company’s efforts to remove a former employee’s anonymous online post which the company believed revealed company trade secrets.
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