At The Podium
Trade Secrets: Strategies for identifying, protecting and enforcing intellectual property
Michael J. LaBrie
When properly maintained as confidential, trade secrets can provide immense value to the companies that own them. After all, what would KFC be without its secret recipe of 11 herbs and spices? But once those secrets are out – either through theft or inadvertent or unintended public disclosure – that value often disappears or becomes significantly diminished.
In their presentation at McAfee & Taft’s 2016 Corporate Counsel Seminar, intellectual property attorneys Michael LaBrie and Zachary Oubre review the rise in trade secret theft and related litigation and discuss how businesses can properly identify, protect and enforce their trade secrets.
- Examples of trade secrets commonly found in the workplace
- What constitutes a trade secret
- The difference between trade secrets and patents
- Ownership issues
- Enforcement and remedies available under the Uniform Trade Secrets Act
- Overview of key elements of the Defend Trade Secrets Act of 2016
- Strategies for mitigating risk, particularly as it pertains to new employees, current employees, exiting employees, and business partners