Trade Secret & Unfair Competition

Trade Secret & Unfair Competition

As the dramatic pace of technological innovation is continually reshaping trade secret protection and litigation/unfair competition law, the acquisition and enforcement of these rights is an increasingly complex challenge. The Louderback Law Firm is dedicated to protecting its clients’ trade secrets, which is critical in an era where this type of theft is all too common. A trade secret is information that has independent economic value based on the fact it is confidential (not easily known to the general public). Examples of trade secrets include: customer lists, price lists, marketing plans, and technical knowledge.

A viable trade secret claim must also involve an act of misappropriation. Misappropriation is found when a trade secret is acquired by someone who knows or has reason to know that the trade secret was acquired by improper means. A variety of remedies can be awarded including, damages for actual losses, the imposition of a royalty, exemplary damages to punish the misappropriator, attorneys’ fees, and/or injunctive relief.

The Louderback Law Firm's team of experienced attorneys leverages decades of expertise and trial know-how in representing clients in these time-sensitive matters. The ability of a company to operate, compete, and survive in the future are characteristics of trade secret litigation. The firm advises both companies and individuals how to navigate this complex area of law.

Employee Mobility Connection -  Trade secrets protection and employee mobility are often linked as claims of trade secret misappropriation can  arise when an employee seeks new employment.  The firm has helped both employees and employers to make employee mobility transitions as risk-free as possible, without litigation or dispute. Find out more about the firm's employee mobility work, especially concerning trade secrets protection.