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Los Angeles Trade Secret Attorney

Intellectual Property: The Lifeblood of Business

A trade secret is any valuable commercial information that provides a business with an advantage over competitors who do not have that information. Specific items that fall into this category include business protocols or practices, formulas, designs, instruments, or patterns that are kept secret from the public. Without proper protection, companies may lose significant opportunities for economic achievement, which can threaten the livelihood and future of the businesses and people who own them. Protecting trade secrets from falling into the wrong hands should a priority for any business since the potential damage of such misappropriation could be extremely damaging to the future revenue and success of any organization.

In California, a trade secret may also include virtually any piece of information that a company takes measures to protect. In addition to things like processes, recipes, and other widely understood pieces of intellectual property, California trade secret laws have grown to encompass other important information such as:

  • Meeting Minutes
  • Project Agendas
  • Spreadsheet Data
  • Customer Lists
  • Website Visitor Statistics

Protecting Your Business from Trade Secret Violations

There are a variety of ways in which trade secret security may be compromised. The most common way is internal theft. Disgruntled or opportunistic individuals who have access to trade secrets may decide to use them for their own pecuniary gain or offer them to an industry competitor for a hefty price. This is legally defined as misappropriation of trade secrets, and companies have the right to take action against any individuals and entities that engage in this type of unethical behavior.

Under these circumstances, the best course of action is to consult the expert advice of a contract attorney who has experience in litigating the misappropriation of trade secrets to recover lost financial damages. If you believe your company has been the victim of a misappropriation or theft of trade secrets, contact Campbell & Farahani, LLP today. Our Los Angeles contract attorney is available to provide you with the guidance you need.

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