A Minnesota business whose trade secret has been taken can ask a court for six kinds of relief: an order stopping use of the secret, an order letting use continue only for a royalty, an order …
READ MORE →When a competitor ends up with your pricing model, your customer database, or your manufacturing process, the first question a Minnesota court asks is not whether the information was stolen. It is …
READ MORE →When a departing employee walks out with your customer database or a vendor starts selling a process you spent years refining, the practical question is not whether the law disapproves. It is how fast …
READ MORE →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 …
READ MORE →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 that …
READ MORE →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 …
READ MORE →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 night. Source …
READ MORE →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 …
READ MORE →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 …
READ MORE →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 many …
READ MORE →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 …
READ MORE →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 …
READ MORE →Misappropriation can lead to injunctive relief preventing further use or disclosure of trade secrets. Monetary damages compensate for actual losses and unjust enrichment from unauthorized trade secret …
READ MORE →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 …
READ MORE →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 …
READ MORE →Patent licensing agreements often include termination provisions, enabling parties to exit the agreement under specified circumstances. These provisions outline termination triggers, such as material …
READ MORE →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 …
READ MORE →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 …
READ MORE →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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