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Why do trade secret leaks happen?

by | Apr 23, 2020 | Business Litigation |

Your company has been working hard on several projects. These new projects are unlike others on the market, so you’ve kept them very quiet. The last thing you want is for your trade secrets to leak out.

Unfortunately, the internet and the digital age has made it much easier for those secrets to be leaked. Why? Common causes are:

  • Improved technology, making it simpler to send files, photos and information without letting others know
  • The increased mobility of employees, since travel is cheaper and more efficient
  • Ineffective patent protections that don’t fully protect your projects or ideas

Your trade secret gives your business an edge over your competition. Unfortunately, your competition now has that information and gained edge over you. It’s not fair, and the person who leaked that information should be held fully responsible.

What should you do if you realize a trade secret has been leaked?

If a trade secret has been leaked, then it’s a good idea to learn about your legal options. You may be able to hold the person who leaked the secrets accountable for their actions, or you may be able to go after the company that is using your stolen information or technology.

It’s not always easy to handle a situation like this. Your company’s bottom line is at risk, and you want to guarantee that you will be able to release your product only when it’s ready. The idea has been leaked, so the likelihood of earning all you could have has been minimized. This situation requires a solid understanding of business litigation and the laws that affect your case.