Trade Secret Misappropriation
Protect Your Business Venture with Cunningham Bounds
At the heart of any successful business or venture are the trade secrets that set it apart from the competition. The losses companies incur due to trade secret misappropriation are incalculable. Using trade secrets, entrepreneurs and companies can theoretically safeguard information about their operations from industrial spies, venture partners, competitors and even disgruntled employees.
Cunningham Bounds employs skilled Alabama business litigation attorneys who can capably handle even the most complex trade secret misappropriation cases. Since 1958, our firm has helped thousands of clients, providing legal solutions that are tailored to meet their needs.
Contact Cunningham Bounds We offer free consultations so you can learn more about your legal options.
Definition of a Trade Secret
A trade secret can be a formula, pattern, process, device or compilation of information that is used to obtain an advantage over competitors who are not aware of, or do not know how to commercialize the trade secret. For example, a trade secret may be a formula for a chemical compound, a process of manufacturing, treating or preserving materials, a design for a machine or other device, lines of computer code, or a list of customers.
Trade secrets have three elements:
- The information is secret and not known by competitors.
- The information gives a competitive advantage over the competitors.
- The information has been kept secret by reasonable efforts.
Pursue Justice with an Alabama Business Litigation Attorney!
If you or your business suspects inappropriate use of your trade secrets, it is crucial that you retain a lawyer swiftly, as a trade secret holder has the option to seek injunctive relief to prevent the erosion of the value of the trade secret as soon as the misappropriation becomes known. Once a trade secret has been leaked, it is very easy for third parties to take advantage of it.
Call (251) 299-0101At Cunningham Bounds, we have the resources to level the playing field against large businesses and to provide you with a contingency fee arrangement so that you incur less risk.