Identifying, Valuing and Protecting Trade Secrets in the 21st Century
According to recent research from Baker McKenzie, 48% of ~400 senior executives consider Trade Secrets more important than their patents and trademarks, and 69% foresee trade secret protection becoming more critical than safeguarding other types of intellectual property given the rapid pace of tech innovation. When asked to identify the greatest threat to their trade secrets, 32% of the survey respondents said they most feared having trade secrets stolen by former employees, followed by suppliers, consultants and other third parties (28%), and current employees (20%). The combination of technology, market trends and recent court decisions on patent eligibility has altered the trade secret and patent equilibrium to the point where many companies are forgoing patent protection in some, if not many cases, in lieu of a robust trade secret protection regime.
This panel will discuss what types of technology and innovation is appropriate for trade secret protection, how to implement a world-class trade secret protection regime, and identifying where risks come from and how to properly value and exploit trade secret assets in a world where IP theft becomes more and more of a pervasive issue.
- Choosing Between Patents and Trade Secrets, A Discussion Worth Revisiting
- A Lack of Focus on Trade Secrets Can Pose Serious Risks
- Five Tips for Keeping Safe with Your Head in the Cloud
- Trade Secrets Review: Key 2019 Decisions and Trends (Part 1)
- Trade Secrets Review: Key 2019 Decisions and Trends (Part 2)
About MCLE Credit
MCLE has been approved in Texas (1 hrs) and Missouri (1.2 hrs). Application for MCLE pending in Virginia, Oklahoma and Arkansas.
States including California, Florida, Illinois, Hawaii, New Jersey, New York, North Dakota and Wisconsin accept credits when a course has been approved by another MCLE jurisdiction, as has occurred here.
Other states require attending attorneys to complete a form requesting credit. Some states, such as Alabama, Georgia, Louisiana, Minnesota, Ohio, Pennsylvania, Tennessee and Washington require attorneys to submit an application for approval of courses taken out of state. These states sometimes require the application to be submitted immediately following the completion of the CLE activity, please check the requirements in your state.