17 December 2024 · Articles, IP Strategy, Trade secrets
How do Trade Secrets Help? Deloitte sues partners over alleged plot to jump ship The big four firm is suing three partners, who it claims passed business secrets to a rival. They are accused of leaking client secrets to a competitor, as they downloaded swathes of internal data they intended to pass to the other […]
Read More16 December 2024 · Articles, Trade secrets, webinar
Business has never been as fast paced and competitive. Leading businesses are using new strategies to protect innovation and competitive advantage. Whether you’re a business owner, head of R&D, or innovation manager, this webinar will provide you with the knowledge and tools to effectively protect your company’s most valuable information. Whilst patents often steal the […]
Read More10 December 2024 · Articles, Confidential Information, Trade secrets
Poacher Turned Gamekeeper! Poacher Turned Gamekeeper! Information flows easily and we all like someone who is ‘in the know’, better still if it helps our business right? We Have All Done It We have all done it at some stage in our career either knowingly or inadvertently, transferred valuable information from one place to another. […]
Read More9 December 2024 · Articles, Innovation, Investors, Trade secrets
Hedge funds Millennium and Jane Street settled on the theft of a trading strategy when two traders left one to join the other. It turned out the trading strategy was worth $1bn a year in profit to Jane Street, hence the case. Ryan Baker, an intellectual property lawyer in LA, said the law “contemplates formulas, […]
Read More6 December 2024 · Articles, IP Strategy, IP Value, Trade secrets
Risk To Bank Trade Secrets With Employee Mobility Everyone can move jobs just not with pockets stuffed with valuable information. ‘Hey I’ve just moved to a new bank and think you might be interested in what we can do for you, especially as ……..you hold a high cash position / or you savings are reaching […]
Read More6 December 2024 · Articles, Trade secrets
Four key employees leave the business to join a competitor taking valuable information with them. A decade later the largest medical devices company approaches the other company to buy them. Only then did Insulet act with a trade secrets misappropriation case and temporary injunction. The net result was $452m in damages. The jury awarded Insulet […]
Read More3 December 2024 · Articles, IP Audit, M&A Due Diligence, Trade secrets
The new code was a game changer. Thank fully before we released it, we did an IP Audit to identify the best way to protect it. We improved protection with intellectual property rights, especially trade secrets, copyright and designs. We clarified how other products supported it and likewise reaffirmed how they were protected. We […]
Read More28 November 2024 · Articles, Confidential Information, Cyber Security, Innovation, Investors, IP Audit, IP Value, Knowledge Transfer, Trade secrets
The most valuable IP in your business is highly likely to be your trade secrets. A stark reality faces you and that is if you are not actively managing these assets they are probably flooding out of your business with the loss of the associated value and competitive edge. Trade secrets are the fastest growing […]
Read More19 November 2024 · Articles, Confidential Information, Innovation, IP Culture, IP Education, Trade secrets
Tesla Sues A Major Supplier For Patenting Their Invention. Thank you to Prof. Dr. Alexander J. Wurzer Director IP Management Training for curating this excellent podcast on the importance of trade secrets and how it fits into strategy. You cannot innovate in isolation and working with partners and suppliers is crucial in this, but how […]
Read More13 November 2024 · Articles, Innovation, Investors, IP Culture, IP Education, IP Strategy, IP Value, Patents, Trade secrets
I once worked with a small business where they had spent $1m on patent filings for a particular invention. The business pivoted away from the invention but it was assumed that there would be 5X return on cost spend through sale or licensing of the patents. Sadly there was no value in the patents. Another […]
Read More5 November 2024 · Articles, Confidential Information, Knowledge, Knowledge Transfer, M&A Due Diligence, NDA, Partnerships, Tech Transfer, Trade secrets
The jury also found that the trade secret theft was willful and malicious, allowing the Court to potentially triple the total damages! Choose your partners carefully. You are flattered when Big Co who also happens to provide your major route to market offers to buy your business. It has been 13 years of hard slog […]
Read More21 October 2024 · Confidential Information, Entrepreneurship, Investors, Trade secrets
Most of us are guilty of signing NDAs, sharing information with investors and partners and thinking nothing else of it. Mainly this route turns out ok, with the major risk being inadvertent leaking of your information due to poorly controlled processes at the recipient. Occasionally there will be planned and deliberate leakage. The FBI is […]
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