Trade Secret Protection. Different versions of the Uniform Trade Secrets Act (UTSA) have been adopted in most states, including California. Under the California version of the UTSA, a trade secret is defined as any information that (i) has independent actual or potential economic value from not being generally known or readily ascertainable by proper means, and (ii) is the subject of reasonable efforts to maintain its secrecy. A trade secret may include patentable inventions, including pending patent applications, and other information (which may or may not be patentable) including such things as know-how, techniques, processes, formulae, business strategies, financial information, customer lists, marketing plans, etc. Bills have been proposed in Congress which may create federal trade secret protection in the future.
Because the key to a trade secret is prevention of disclosure (secrecy), it is important for a trade secret holder to take steps to prevent unauthorized disclosure. The attorneys at Sierra IP Law, PC also have experience and expertise in the preparation, use and enforcement of confidentiality and non-disclosure agreements and other secrecy protocols which help clients maintain their trade secrets.
Enforcement. In the event of an actual or threatened misappropriation of a trade secret, the attorneys at Sierra IP Law, PC have the experience and expertise to seek immediate injunctive relief to prevent unauthorized disclosure, or to defend against such measures, on behalf of their clients.
Licensing. The attorneys at Sierra IP Law, PC also have experience and expertise in transferring or receiving trade secrets from one party to another, in whole or in part, whether by way of sale, license, assignment or otherwise.