Trade Secret - Discovering Trade Secrets

Discovering Trade Secrets

Companies often try to discover one another's trade secrets through lawful methods of reverse engineering or employee poaching on one hand, and potentially unlawful methods including industrial espionage on the other. Acts of industrial espionage are generally illegal in their own right under the relevant governing laws. The importance of that illegality to trade secret law is as follows: if a trade secret is acquired by improper means (a somewhat wider concept than "illegal means" but inclusive of such means), the secret is generally deemed to have been misappropriated. Thus if a trade secret has been acquired via industrial espionage, its acquirer will probably be subject to legal liability for acquiring it improperly. (The holder of the trade secret is nevertheless obliged to protect against such espionage to some degree in order to safeguard the secret. As noted above, under most trade secret regimes, a trade secret is not deemed to exist unless its purported holder takes reasonable steps to maintain its secrecy.)

Read more about this topic:  Trade Secret

Famous quotes containing the words discovering, trade and/or secrets:

    All the critics who could not make their reputations by discovering you are hoping to make them by predicting hopefully your approaching impotence, failure and general drying up of natural juices. Not a one will wish you luck or hope that you will keep on writing unless you have political affiliations in which case these will rally around and speak of you and Homer, Balzac, Zola and Link Steffens.
    Ernest Hemingway (1899–1961)

    The very hirelings of the press, whose trade it is to buoy up the spirits of the people ... have uttered falsehoods so long, they have played off so many tricks, that their budget seems, at last, to be quite empty.
    William Cobbett (1762–1835)

    The old—like children—talk to themselves, for they have reached that hopeless wisdom of experience which knows that though one were to cry it in the streets to multitudes, or whisper it in the kiss to one’s beloved, the only ears that can ever hear one’s secrets are one’s own!
    Eugene O’Neill (1888–1953)