United States:
Federalizing Trade Secret Protection: A Close Look at the Ex Parte Seizure Provision
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Trade secrets are the lifeblood of American business. U.S.
companies own an estimated $5 trillion in trade secrets, roughly
$300 billion of which are stolen every year. Trade secret theft
deeply affects big business – including such companies as
General Motors and DuPont – but even start-ups and smaller
companies are vulnerable. Indeed, lawmakers such as Representative
Zoe Lofgren (D-CA) have suggested that in places like Silicon
Valley "the value of trade secrets may well exceed the value
of patents and copyrights."
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Originally published by Corporate Counsel, May 23,
2016
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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