Trade Secret Law in Morris County
Business rights in New Jersey
Trade secrets involve any information not easily obtained that provides a business with an economic advantage over its competitors. This information has to remain confidential in order to maintain that advantage. The information can be part or all of a program, process, method, or technique.
These are some examples of trade secrets:
- Blueprints
- Stock-picking formulae
- Customer lists
|
- Pricing information
- Machining processes
- Recipes
|
Morris County trade secret law
Benjamin Appelbaum has experience with developing and protecting trade secrets as a trade secret law attorney. The Uniform Trade Secrets Act protects a company’s right to production secrets but disputes are possible. Contact the law office of Benjamin Appelbaum, Attorney at Law, to discuss trade secret matters in Morris County.
The Uniform Trades Secrets Act has a statute of limitations that allows for a lawsuit within three years of the misappropriation’s discovery, but a state’s laws may have a shorter statute of limitations. The misuse or disclosure of trade secrets can have criminal and civil repercussions. A civil trade secrets lawsuit can result in compensation for the following:
- Actual loss caused
- Unjust enrichment not considered in loss damages
Additional damages are awarded at the court’s discretion if the misappropriate of secrets was willfully or maliciously done.
New Jersey non-disclosure agreements
Non-disclosure agreements allow for the use of a trade secret either by another business or by an employee in the course of his or her job. Call our office to develop these documents, update them, or discuss disputes.
Call 1 973 927-5573 for trade secret matters litigation in Morris County.