What are the legal consequences of trade secret theft?
Trade secret theft can lead to civil lawsuits, criminal charges, and significant financial penalties.
Can you explain what constitutes a trade secret?
A trade secret is any confidential business information that provides a competitive edge, like formulas or processes.
What are some examples of trade secret theft cases?
Notable cases include the DuPont vs. Kolon Industries case, where DuPont sued for theft of Kevlar technology.
How can a company protect its trade secrets?
Companies can protect trade secrets through non-disclosure agreements, employee training, and security measures.
What should a company do if it suspects trade secret theft?
They should conduct an internal investigation, consult legal counsel, and consider filing a lawsuit if necessary.
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