/Trade Secrets

Protecting Against Theft of Trade Secrets

Whether a business is just beginning or flourishing and growing, trade secrets are crucial to consider and protect. They are often what make a business unique and can effectively set a business up for sustainable and long-term success. While trade secret theft may seem uncommon, several current cases suggest otherwise. “Tappy”—the automated robot used to test iPhones at T-Mobile—is at the center of trade secret theft charges against Huawei Device Co. and Huawei Device USA Inc. Huawei was originally contracted in 2010 by T-Mobile to supply phone handsets, but used the relationship to gain access to and photograph the testing [...]

2020-04-16T05:05:49+00:00May 26th, 2019|

Breach of Real Estate Contract – A Broken Promise

Breach of Real Estate Contract: A Broken Promise If you have ever purchased real estate property, and certainly if you invest in commercial or residential real estate as a business, then you know that the time between signing a real estate contract and closing on the property can be a stressful period. While many closings are completed without issue, some real estate contracts are not performed or are anticipatorily breached which can prevent the closing from occurring or result in a different outcome than the parties bargained for. Under California laws, a contract for the sale of real estate must [...]

2020-04-16T05:10:39+00:00April 3rd, 2019|

What are Trade Secrets?

On behalf of The Myers Law Group posted in Trade Secrets on Friday, April 17, 2015. Trade secrets are information of any kind, including a formula, pattern, method, technique, or process, with two specific qualities. First, the information must have "independent economic value from not being generally known to the public." Second, the trade secret's owner must take "reasonable steps to maintain the secrecy of the information." A judge or jury would likely analyze this information, examining such factors as sensitivity, who needs access to the information, and whether employees of the company with the trade secrets were actually following internal procedures for protecting [...]

2020-04-16T05:29:32+00:00April 17th, 2015|

Ssshhh . . . Trade Secrets

On behalf of The Myers Law Group posted in Trade Secrets on Thursday, March 19, 2015. If you have developed a product, add another duty to your list of obligations: examining other similar products, patent filings, etc. to determine whether a competitor is misappropriating trade secret information. If you do not monitor the filings or if you do and fail to prosecute trade secret misappropriation claims, you may lose the right to sue for trade secret misappropriation. A trade secret is secret information that gives the owner a competitive business advantage simply because the competitors do not know this information. A trade secret can [...]

2018-09-18T09:18:48+00:00March 19th, 2015|