As a business owner, you may possess one or many trade secrets. Trade secrets are, for many, a key factor in their success. Trade secrets can include recipes, business practices, or processes that are not disclosed to the general public. Your trade secret may be protected by Federal or state laws regarding trade secrets, as well as non-disclosure agreements. Unfortunately, trade secret disputes can have significant ramifications for a company. If you’re facing such a dispute, contact a skilled Atlanta business litigation lawyer from AB Law today.

Common Trade Secret Disputes

There are a wide range of scenarios that can constitute the violation of a trade secret, including the following:

Employee Theft of Trade Secrets

Employees leaving to join competitors or start their own businesses, taking confidential information with them.

Breach of Non-Disclosure Agreements (NDAs)

Individuals or entities bound by NDAs sharing trade secrets with unauthorized parties.

Competitor Misappropriation

Competitors unlawfully acquiring and using trade secrets to gain a competitive edge.

Supplier or Vendor Disputes

Disagreements with suppliers or vendors who have access to trade secrets and misuse them.

Resolving a Trade Secret Dispute

The route your attorney takes when resolving a trade secret dispute will depend largely on the circumstances of your case. That said, some potential strategies for resolving a trade dispute can include:

Negotiation

Direct discussions between parties to reach a mutually agreeable solution without litigation.

Mediation

Involvement of a neutral third party to facilitate a resolution between disputing parties.

Arbitration

A binding resolution process where an arbitrator reviews the case and makes a decision.

Litigation

Filing a lawsuit in court to seek legal remedies such as injunctions and damages.

Contact an Atlanta Business Litigation Lawyer Today

Here at AB Law, we have extensive experience representing business owners facing a wide range of disputes, including those surrounding their valuable trade secrets. Contact AB Law today so we can get started working on your case.