Trade secrets are important intellectual property assets. Whether business or technical information in the form of customer lists, strategic plans, cost and pricing information, formulas, methods, techniques or processes, trade secrets often are the most valuable assets a company owns.
Trade secrets also are the easiest assets to misappropriate due to a mobile workforce, the exchange of information and technology between companies and the widespread use of consultants. Trade secrets cases often involve a former employee entrusted with a company’s confidential information who violates a non-competition agreement by delivering the information to his or her new employer. Conversely, a company that hires a competitor’s former employee, despite a careful and deliberately conservative approach, may find itself on the receiving end of business tort litigation, complete with vexing trade secret claims.
When a trade secret falls into the hands of an unscrupulous competitor, litigation may be the only means of preventing its use or further dissemination. In many situations, time is of the essence and emergency relief – such as an injunction – is warranted. Defending a trade secrets claim requires no less an immediate and complete response.
XDL Group professionals are experienced in securing injunctive relief against individuals and companies who have misappropriated confidential business and technical information. XDL Group professionals also have obtained financial compensation for their clients whose trade secrets were stolen, as well as successfully defended clients accused of misappropriating trade secrets. |
