Protecting Company Trade Secrets
Protecting trade secrets is not usually the first thing that comes to mind when conceptualizing business intellectual property. But, employees often leave to work for competitors or themselves and may take invaluable company confidential information with them. The law allows companies to protect trade secrets, but only if employees understand the information is confidential and your business has shown the intent to keep it confidential.
In a 2006 Illinois case, Liebert Corp. v. Mazur, four employees resigned from a company to accept positions with a competitor, but downloaded huge quantities of company data before leaving. Those employees were sued by the business, but the court ruled that the downloaded customer lists and sales quotes were not trade secrets protected by law. This was because the company did not adequately protect them by their “failure to either require employees to sign confidentiality agreements, advise employees that its records […]