Given the difficulty of protecting intellectual property related to cannabis and cannabis-based products with patents, copyrights and trademarks, any company in the cannabis industry should formulate a trade secrets protection plan from the very outset of the business, in order to ensure that the proprietary information at the center of its business does not lose its confidential status down the road.
Category: trade secrets misappropriation
WHY ALL POST-MAY 2016 EMPLOYMENT AGREEMENTS MUST INCLUDE A DTSA IMMUNITY CLAUSE
If an employment agreement entered after May 11, 2016, does not contain an immunity notice, employer can sue an employee for trade secrets misappropriation, but will not be able to recover its attorneys fees or obtain an award of punitive damages.
PROTECTING TRADE SECRETS IN THE TIMES OF THE PANDEMIC
Since trade secrets are not registered with the government, like patents or trademarks, companies must take proactive measures to preserve them. Those who fail to take reasonable measures, risk finding out down the road (usually in court, when the try to recover stolen trade secrets from a rogue employee) that their information has lost its trade secrets status.
Zillow Claims Trade Secrets Protection Over Machine Learning Algorithms; Sues Compass for Theft
Many companies are currently racing to adopt artificial intelligence and machine learning to automate and augment various aspects of their businesses. Those who have succeeded