Los Angeles Trade Secrets Agreements Lawyer
Clients of Trojan Law Offices (TLO®) rely on the knowledge and experience of our lawyers to make sure they have the right procedures in place to maintain their trade secrets. Trade secrets may include methodologies, manufacturing processes, marketing strategies, and customer lists. To protect these valuable assets, our attorneys craft such instruments as employment agreements and non-disclosure agreements.
Prosecuting and protecting patents is not the only way to protect proprietary knowledge in a business. Quite possibly, you may not need a patent, but rather, a trade secret protective mechanism such as a non-disclosure agreement. Contact Trojan Law Offices to discuss trade secret protection needs for your business.
Our comprehensive approach to intellectual property protection includes recommendations concerning not only patents and trademarks, but also trade dress in the shape and/or appearance of the product, trade dress for packaging or services, service marks, copyrights, trade secrets, invention records, recommendations concerning the proper corporate structure to protect patent rights, proper use of international treaties, and use of intellectual property contracts. TLO® provides clients with depth and breadth of counsel from strategy to prosecution to enforcement.
We develop sophisticated intellectual property programs for each of our clients so that they can better protect their market share. We never forget that intellectual property is best used as a competitive tool to protect the client’s market share and to help insulate the client’s profit margins from competitive pressures that can drive down prices.
In May, 2016, the Defend Trade Secrets Act took effect, which nationalized the enforcement of trade secret violations by allowing parties to sue in Federal Court. Before the Act was passed, each State in the nation had its own trade secret law. The federal law requires that employment agreements at your company be modified if you want to receive the full benefit of the law. If you do not make your employment agreement DTSA compliant, the you will lose your right to claim punitive damages and attorney fees if you ever need to to sue to enforce your trade secret rights.
“An individual who files a lawsuit for retaliation by an employer for reporting a suspected violation of law may disclose the trade secret to the attorney of the individual and use the trade secret information in the court proceeding, if the individual — (A) files any document containing the trade secret under seal; and (B) does not disclose the trade secret, except pursuant to court order.”
The penalty for failing to include this notice is the loss of the right to punitive damages and attorney fees. Adding this language to your employment agreements is an easy fix. Do it today.
Our Los Angeles IP attorneys provide quality services at reasonable rates. We welcome the opportunity to discuss your trade secret agreement needs. Our lawyers can help you protect your ideas and inventions. Contact Trojan Law Offices to schedule a consultation with an experienced intellectual property attorney.