A trade secret is a piece of information that is not generally known and gives a business a competitive advantage. Trade secrets can include things like customer lists, formulas, recipes, manufacturing processes, and software code. If somebody discloses or steals your company’s trade secrets, it can be devastating to your business.
What Is a Trade Secret Dispute?
A trade secret dispute occurs when somebody unlawfully discloses or steals your company’s trade secrets. This can happen through things like industrial espionage, corporate spying, or simply an employee leaving the company and taking confidential information with them. If your company’s trade secrets are disclosed or stolen, it can put you at a competitive disadvantage and cause serious financial harm.
How to Handle a Trade Secret Dispute
If you find yourself in the middle of a trade secret dispute, it is important to consult with an experienced attorney who can help you protect your interests. You will need to act quickly because there are time limits for filing lawsuits and taking other legal action. Once you have an attorney on board, they will help you gather evidence and take the necessary steps to stop the disclosure or misuse of your trade secrets. In some cases, this may involve filing a lawsuit or seeking an injunction from the court.
We help businesses in Orange County and Los Angeles County deal with the aftermath of trade secrets misappropriation. If an employee or contractor has stolen or improperly disclosed trade secret information, contact us for an initial consultation today.