When employees move on, they often take valuable knowledge with them:
As a group, these classes of confidential knowledge constitute trade secrets — any institutional information whose value is diminished by being made known to competitors.
Trade secret protection laws allow companies to keep mission-critical knowledge from being dispersed to competitors. The primary leverage against theft of secrets is a temporary restraining order and a preliminary injunction preventing further wrongful use of the information, until you resolve your claims against the party in possession of your valuable information.
Trade secret protection requires great vigilance on your part. If you do not act quickly when it is misappropriated, your company can suffer great harm in the marketplace.
As an employer, you must not be shy about insisting that employees who leave may not use the experience and training you gave them against you in head-to-head competition.
Horne Slaton works with companies in every industry to protect their intellectual property, especially in the areas of hardware, software, medical devices and consumer products. Our lawyers represent companies, partnerships and industry and professional groups.
If your business is being threatened with theft of mission-critical data or if you want to fortify your protections, we invite you to talk to the trade secret attorneys at Horne Slaton, PLLC, in Scottsdale at 480-448-6851 — or send us an email.
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