You built your business on proprietary knowledge: customer lists, pricing strategies, manufacturing processes, software code. Then one day you discover that a former employee walked out the door with …
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When you’re acquiring a company, the assets on the balance sheet tell only part of the story. The proprietary formulas, customer relationships, manufacturing processes, and operational know-how …
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When a competitor steals your proprietary information or a former employee walks out the door with your trade secrets, the immediate question is: what can you actually recover? Minnesota business …
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You built something valuable, a proprietary process, a customer database cultivated over decades, pricing algorithms that give you a competitive edge. Then a key employee leaves for a competitor, and …
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Your company’s most valuable assets probably aren’t sitting in a warehouse or a bank vault. They live on servers, in cloud platforms, and across the laptops your team carries home every …
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Every departing employee walks out the door with knowledge about your business. The question is whether they also walk out with your competitive advantages, your client relationships, proprietary …
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For decades, Minnesota employers relied on a familiar playbook: hire a key employee, have them sign a non-compete, and count on that agreement to keep proprietary information from walking out the …
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If your business has employees, contractors, vendors, or partners who access any confidential information (and nearly every business does) you need non-disclosure agreements. Not eventually. Now. This …
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You’ve built something valuable: a process, a formula, a method, a system that gives your business a competitive edge. Now you need to protect it. And the first strategic question is one that …
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Your company’s most valuable assets may not appear on any balance sheet. Customer lists, proprietary processes, pricing models, supplier relationships, software algorithms, strategic plans, …
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You can have the most valuable trade secret in your industry (a formula, a process, a customer database that took years to build) and lose all legal protection for it because you didn’t take …
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Until 2016, if your Minnesota business discovered that a former employee or competitor had stolen your trade secrets, your primary remedy was a state court claim under the Minnesota Uniform Trade …
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When an employee leaves your company and takes proprietary information to a competitor, when a former partner uses your customer list to start a rival business, when a vendor reverse-engineers your …
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Key Takeaways Misappropriation can lead to injunctive relief preventing further use or disclosure of trade secrets. Monetary damages compensate for actual losses and unjust enrichment from …
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Temporary restraining orders (TROs) in trade secret misuse cases serve as swift judicial remedies to prevent imminent harm from unauthorized use or disclosure. They require plaintiffs to demonstrate a …
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Declaratory judgment actions serve as a definitive legal tool to clarify ownership disputes by resolving ambiguities in property rights, title claims, and possession issues without awarding damages or …
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Revenue recognition triggers in intercompany transfers center on the transfer of control over goods or services between affiliated entities, as stipulated in intercompany agreements. Key factors …
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Patent licensing agreements often include termination provisions, enabling parties to exit the agreement under specified circumstances. These provisions outline termination triggers, such as material …
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The patent transfer process is a multi-step procedure requiring meticulous planning, precision, and attention to detail. It begins with reviewing and gathering relevant documentation, verifying patent …
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To successfully negotiate patent sales, it’s necessary to understand buyer motivations, highlighting the value of your patents in a way that resonates with their goals. A well-structured patent …
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When drafting a patent assignment agreement, it is vital to clearly define the parties involved, including their entity classification and party capacity. Precisely identify the assigned patent …
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