![]() If real or imminent misappropriation occurs, injunctive action is available. the ease or difficulty with which the data may be appropriately collected or copied by others.the amount of time and money spent creating the data.the information’s worth to the business and its rivals.the extent of the safeguards put in place to protect the information’s secrecy.the extent to which employees and others associated in the business are aware of it.the extent to which the information is known outside the organization.Texas courts apply a six-factor test to identify trade secrets: Its structure has been accepted by 47 states, including Texas. The Uniform Trade Secrets Act (UTSA) standardized and regulated commercial claim criteria and remedies. The development and implementation of a litigation strategy that successfully advances client objectives require a detailed grasp of proprietary information, such as manufacturing procedures, algorithms, process equipment, and software. Throughout the United States and worldwide, trade secret and unfair competition cases are prosecuted and defended in a variety of courtrooms and arbitration forums. Courts value strong, genuine efforts over boilerplate forms and unenforced policy pronouncements, thus plan implementation is especially vital. Trade secret attorneys in Houston, Texas offer both advice on identifying and protecting proprietary information as well as litigation services in cases of claimed proprietary information misappropriation. Theft, bribery, deception, espionage, or breach or solicitation of a breach of the obligation to maintain secrecy are all common methods of appropriating trade secrets. While patents can only protect an invention for a limited time, trade secrets can be protected indefinitely. A trade secret (1) has actual or potential economic value because it is not widely known and cannot be quickly ascertained by proper means by individuals who can benefit economically from its revelation or use, and (2) is the subject of reasonable attempts to protect its confidentiality under the circumstances. Formulas, developmental procedures, product designs, client lists, and marketing data are examples of trade secrets that can have immense value. In the absence of adequate safeguards and security practices, trade secret misappropriation could easily lead to the company’s failure. Trade secrets, if properly preserved and protected, can help a company’s business succeed. ![]() Regardless, intellectual property often is one of a company’s most valuable assets. Trade secrets are becoming increasingly difficult to protect, thanks to the ability to electronically collect and share information in milliseconds. Because it adds value to the product or service, the information is useful. 002(6) of the Texas Uniform Trade Secrets Act. A trade secret is defined as knowledge that has been protected by reasonable methods under Section 134A. ![]()
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