Trade secrets are an important facet of intellectual property law that have not received sufficient attention in the cannabis industry.
It is rare that a trade secret / restrictive covenant lawsuit makes it all the way to trial, much less a jury verdict.
Change is in the Air: 2016 Developments in Trade Secret and Restrictive Covenant Law in Massachusetts and Beyond, and What to Expect in 2017
There were significant developments and a near miss in trade secret and restrictive covenant law both federally and in Massachusetts in 2016, including the passage of the federal Defend Trade Secrets Act and the failure again of the Massachusetts legislature to pass noncompete reform legislation.
There is no doubt that trade secrets are valuable business assets, have a direct impact on innovation and are important drivers of competitive advantage in the market.
District Court Finds General Description of Trade Secret Sufficient to Satisfy Pleading Standard Under Defend Trade Secrets Act
An important question for any plaintiff alleging trade secret misappropriation is: “How much detail should I provide about the stolen trade secrets in the complaint?”
Trade secret theft is a growing threat to American businesses.
A business commonly has all sorts of valuable assets.
Last month, the Federal Trade Commission and the Antitrust Division of the Department of Justice issued “Antitrust Guidance for Human Resource Professionals.”
Earlier this year, the White House and Treasury issued reports criticizing the widespread use of non-compete agreements.