As a special feature of our blog—guest postings by experts, clients, and other professionals—please enjoy this blog entry from Donal O’Connell, Managing Director of Chawton Innovation Services Ltd., and David Cohen. 

Trade Secret’s New Found Prominence:

As we both have written previously, the changing nature of technology, product development and sales, and the patent enforcement landscape, have given trade secrets a new-found prominence.

Trade secrets are now becoming a much more significant part of a company’s value. As a result, trade secret asset management is becoming (and if not, it should become) a regular part of company board discussions and review.  Continue Reading Fiduciary Duty with Respect to Trade Secret Asset Management

On Friday, May 18, Eric Barton participated in a panel discussion at the 2018 ITechLaw World Technology Conference, updating attorneys from around the globe on the latest developments in cyber vulnerabilities and crime. In today’s world, businesses and individuals face the certain knowledge that electronic systems are not entirely secure. Mr. Barton’s presentation provided “real world” guidance on how companies can encourage and promote innovation while still protecting their highly valuable trade secrets and intellectual property from both internal and external threats and attacks. Mr. Barton also detailed several recent cases that provide excellent guidance on how to best protect a company’s valuable information, as well as the impact that technological advancements have had on U.S. attorneys’ professional ethics requirements, as mandated by the ABA.

On the panel with Mr. Barton were Alexander Baranchikov, an IP attorney from Moscow, and Rodrigo Azevedo Pereira, an IP attorney from San Paulo, Brazil. Mr. Baranchikov provided an entertaining update on the latest data protection cases and developments in Russia, as well as a detailed synopsis of how the Russian legal system addresses and resolves IP claims. Mr. Pereira discussed the crisis management framework that attorneys should consider using when addressing an online or ransomware attack. Calling upon his extensive experience in crisis management work, Mr. Pereira detailed how to build a multifaceted team, as well as how to respond urgently and efficiently to limit PR damages.

A copy of Mr. Barton’s presentation is available here. The panel was extremely well received and the topics prompted various discussions among the participants. For any follow-up questions or information, please do not hesitate to contact Mr. Barton directly at ebarton@seyfarth.com.

 

As a special feature of our blog—guest postings by experts, clients, and other professionals—please enjoy this blog entry from Donal O’Connell, Managing Director of Chawton Innovation Services Ltd.

An audit is the examination of a specific aspect of an organization, ideally by someone independent of that organization.

The purpose of an audit is to provide independent assurance that an organization’s management, governance, and processes are operating effectively and that any associated assets are being properly and professionally managed. Continue Reading Trade Secrets Audit

As a special feature of our blog—guest postings by experts, clients, and other professionals—please enjoy this blog entry from Donal O’Connell, Managing Director of Chawton Innovation Services Ltd., and Oliver Treidler, Managing Director of TP&C GmbH.

Introduction:

Any business professor will tell you that the value of companies has been shifting markedly from tangible assets, “bricks and mortar,” to intangible assets like intellectual property (IP) in recent years. Continue Reading The Valuation of Trade Secrets

webinarIn Seyfarth’s third installment in its 2017 Trade Secrets Webinar Series, Seyfarth attorneys Justin K. Beyer, Dean Fanelli, Thomas Haag, and Marcus Mintz will focus on defining and protecting trade secrets in the pharmaceutical industry.

Pharmaceutical companies can easily spend in excess of $1 billion for the discovery and development of a new pharmaceutical product. Trade secrets are an invaluable intangible asset that, in conjunction with a pharmaceutical company’s patents and trademarks, form the foundation of a company’s overall intellectual property strategy. Proper implementation of a sound trade secret strategy at an early stage is essential for both large and small pharmaceutical companies to protect their confidential proprietary information.

The panel will address the following topics:

  • Defining and understanding trade secrets in the pharmaceutical market, including the “hidden” trade secrets involved in drug research, testing, and manufacturing stages
  • Reviewing significant civil and criminal cases in the industry
  • Discussing how federal and state trade secrets statutes and decisions may impact the protection of trade secrets
  • Suggested best practices for protecting trade secrets from invention through sale

Our panel has significant experience advising clients on trade secret issues, litigating trade secret cases, drafting protection agreements, and conducting trade secret audits.

Please join us for this informative webinar:

register

shutterstock_506478736“I’m from the government and I’m here to help.” Yeah, right.[1]

Most businesses think protecting their intellectual property is their own responsibility, and it is. But what about when your intellectual property rights are violated by an evildoer? Who are you going to call? While your obvious choice will be the law firm sponsoring this blog, you might also be able to get help from your local prosecutor.

Both State Attorneys General and Federal Prosecutors have tools at their disposal that let them bring the full force of the government to your side—when they are motivated to do so. Speaking at a State Fraud & Prevention Summit in Atlanta recently, Georgia Attorney General Chris Carr announced how his office is available to take action on cybersecurity and data breach fraud cases, and he even pointed to several Assistant AGs in the audience who were there and ready to help.[2] Carr said his state’s emphasis on protecting data privacy and security is enhanced by the U.S. Army recently announcing that its new Cyber Command Headquarters (ARCYBER) will be located in Georgia.[3] Other states have similarly dedicated AGs ready to help, and sometimes you can even get local prosecutors to take interest in your case. Continue Reading Enlisting Government Help to Protect Your Trade Secrets

Illinois and Federal laws have evolved significantly in recent years and as a result employers now have many tools available to protect themselves. Understanding these tools, as well as the impact of legal changes in this area, is necessary if a company intends on protecting its most valuable assets (i.e. trade secrets, IP and employees).

Please join us for an informative breakfast briefing on Wednesday, February 13, 2013 at our offices in Chicago, Illinois, as we discuss recent developments in restrictive covenant and trade secrets law and suggest “best practices” in the hiring and termination of employees to assure your company’s information is protected.

We will specifically discuss the following topics:

  • A review and discussion of Reliable Fire v. Arredondo – the landmark Illinois Supreme Court case that changed the analysis of restrictive covenants in Illinois and other recent developments in restrictive covenant and trade secrets law.
  • What to do when your new hire is bound by a restrictive covenant agreement.
  • Analysis of real-world situations where former employees have attempted to loot the company’s employees and confidential information and take them to a competitor.
  • Methods to protect confidential information and intellectual property.
  • How to respond when employees leave or take trade secret information.

There is no cost to attend but registration is required and seating is limited.  *CLE credit is available.

The breakfast briefing will take place from 8:00 a.m. to 10:00 a.m. c.s.t. at Seyfarth’s Chicago office: 131 S. Dearborn Street, Suite 2400, Chicago, Illinois 60603.

 

 

If you have any questions, please contact events@seyfarth.com and reference this event.

*CLE: Seyfarth has applied for CLE credit in IL, NY, and CA. If you would like us to pursue CLE credit in any additional states, please contact events@seyfarth.com. Please note that in order to receive full credit for attending this breakfast briefing, the registrant must be present for the entire session.