Businesses risk a great deal when they share their trade secrets with employees or other individuals and entities—like franchises, business partners, or potential buyers. These trade secrets can be the lifeblood of a company. What happens if one of those individuals or entities walks away with a client list, a secret recipe, or a cutting-edge […]
Small and medium-sized businesses make up the majority of companies in America today. Their work is critical to the economy, but they often lack the means—including the time, resources, and knowledge—to protect it. If you’re a small business leader, it’s critical not to overlook your business’s intellectual property (IP). Your business needs to protect its […]
No matter what kind of Colorado business you own, you have valuable information you need to protect whether you realize it or not. Frequently referred to as intellectual property (IP), this information could be anything from customer lists to the secret formula for your cleaning products or anything in between. If another person or party were to […]
Your Colorado business may not be on par with Coca-Cola, Krispy Kreme, or the New York Time’s Best Seller List, but that does not mean you do not have valuable business information to protect. Today, most businesses have the information they need to keep under wraps from client lists and overhead to proprietary software or recipes. Suppose a business owner does not take reasonable measures to protect the confidentiality of specific […]
In a recent Colorado case involving a debt collection agency that stored customer service information in a password protected web database, the Colorado Court of Appeals upheld the enforcement of claims for misappropriation of trade secrets and breach of a nonsolicitation agreement against a independent sales agent who left to work for a competitor. The […]
One of the functions that an attorney can provide, and that The Griess Law Firm, LLC offers to clients, is the IP Audit. Many of the fundamental assets held and used by businesses are intellectual property assets. However, many times, businesses have not taken the actions they are able to take to fully protect or […]
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