Seven Ways to Protect Trade Secrets When Employees Go to a Competitor

| posted in Blog, Newsletter

Any employer that loses a worker to a competitor is right to be concerned about its trade secrets being leaked or losing customers who may be loyal to that employee. When an employee leaves you to go work for a competitor, it’s likely that they’ve been planning the move for weeks, if not months. During that time, they could have been collecting important company information, like customer lists and detailed product information. All of this is at stake if one of your crew leaves for a rival, but there are steps you can take to reduce the chances of any…
Read More

Employees Responsible for 85% of Trade Secret Theft

| posted in Blog, Newsletter

Trade secret theft by employees is a serious and growing problem in the U.S. According to an analysis of federal court cases, 85% of such theft is committed by employees or business partners. And while that’s disturbing enough, there’s been a significant escalation in the number of trade secret thefts over the years: cases doubled from 1988 to 1995 and again from 1995 to 2004, and they are on track to double yet again in the next few years. According to a study by PricewaterhouseCoopers, suits brought against former employees over restrictive covenant agreements increased 60% in the 10 years…
Read More