Trade secrets are indispensable to most companies, particularly those who deal in products with unique designs, usages, or flavors. They are the backbone of entire industries that are dependent on them for economic and financial success. However, trade secrets often are violated and misappropriated, sometimes due to personal vendettas or an attempt to capitalize on a company's potential collapse. You may be wondering: What happens if you steal a trade secret? What Are Trade Secrets? A trade secret is a formula, design, or business information unique to one company that uses it to develop products in a confidential way. Not [...]

Some companies maintain a successful business by dealing in trade secrets and having certain recipes, formulas, and processes under serious lock and key. If these trade secrets are stolen and revealed to the public, the resulting fallout could seriously damage the company whose secrets are now public knowledge. There have been multiple trade secret violations across the world and throughout modern history. You may be asking: What is an example of a trade secret violation? An Example of a Trade Secret Violation Trade secrets are frequently in danger of being revealed by disgruntled employees, potential blackmailers, or just opportunistic people [...]