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Posts tagged "Trade Secrets"

What are the ways trade secrets can be revealed?

If you have a Californian business that has a trade secret, then you understand the importance of keeping it a secret. Once it is revealed, you no longer have the trade secret protection. It requires a lot of work to keep a secret as big as a business idea. While it can be done, there are many ways the secret could be revealed. 

The I love NY trademark

Most people may not be aware that the t-shirt or coffee mug they own stating their love for New York is trademarked. The logo, which shows the word "I" followed by a red heart and the letters "NY," is a trademarked slogan and logo for New York City, according to the New York State Education Department . This logo is protected and cannot be used with the express permission of the New York State Empire State Development, which is the owner of the trademark.

What is trade secret status for cosmetic ingredients?

The U.S. Food and Drug Administration is responsible for ensuring the products you use in California are safe. It implements many different practices to help with this. One of those is the requirement for all cosmetics sold in the country to have a list of ingredients printed on the product package. For most companies, this is not a problem, but some companies may not want to list all the ingredients used in a product because it would reveal or weaken a trade secret.

What is the Defend Trade Secrets Act?

There are many protections available for your intellectual property in California. It is important to understand them and know the details of such protection, including what remedies you have if someone were to violate your rights. The American Bar Association notes a 2016 bill, called the Defend Trade Secrets Act, offers you better protection if you have a trade secret. The DTSA provides a new definition for trade secret, along with giving you a better venue in which to pursue trade secret violations.

What is the difference between patents and trade secrets?

Protecting your intellectual property in California probably weighs heavily on your mind. Keeping others from using your inventions, ideas, written works, brand images and other proprietary information is made easier through protections offered by the federal government. Two of those protections are patents and trade secrets.

Examples of highly sought-after trade secrets

While trade secrets in California can be for anything, from computer algorithms to formulas, some of the most famous are for food recipes. Many of today’s major brands have some trade secret they are protecting. Most people have eaten these foods, and many may be wondering how these companies keep their recipes from being discovered or revealed.

Tips for protecting trade secrets

A trade secret is only protected as long as it remains secret information. As soon as an unauthorized person become privy to the information, the protections are lost. This is why California business owners need to be vigilant about protecting their intellectual property. There are some solid tips that anyone can employ to keep their trade secret protections intact.

What is the Defend Trade Secrets Act?

If your California-based company has trade secrets, then you understand the importance of laws that protect this type of intellectual property. What makes a trade secret special is that it must be kept secret in order to retain the legal protection you are awarded for it. If even one person tells someone else, then your protections are lost. The American Bar Associations notes that while state laws have been enacted to help you prevent someone from spilling your trade secrets and to punish anyone who does so knowingly, which is called misappropriation, these laws are not consistent across all states.

Important things to keep in mind about trade secrets

If you have a business in California, then you might benefit from understanding more about trade secrets, which can be anything from recipes to devices. In order to have a trade secret, there are some very specific guidelines that you have to follow. Making one misstep could cause you to lose your protection, which is something we at Millstone Peterson & Watts, LLP, do not want to see happen.

How to recognize misappropriation

Most business owners in California have worked hard to start a company, acquire new customers and build a brand, but what happens when the foundation of the company is stolen? While the Merriam-Webster dictionary defines misappropriation as a verb meaning to appropriate wrongly by embezzlement or theft, it doesn't take a masked robber to snatch away the basis of a company's success; it can happen with trade secrets through a process known as misappropriation. Understanding what qualifies as misappropriation can be confusing.

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