The year 2017 has brought a considerable amount of political change across the country. While certain political developments receive never-ending media attention, other key policy changes fly completely under the radar. Of course, that does not make these changes any less important for the affected business. One area where this applies is the new federal intellectual property licensing guidelines. This new (lightly covered) new was announced at the beginning of this year by Federal Trade Commission (FTC) and the Department of Justice (DOJ). Here, our experienced Bay Area intellectual property lawyers discuss some of the most important changes in the updated IP licensing guidelines.
In the age of technology and the Internet, many businesses are more concerned than ever about protecting trade secrets. Data shows that trade secret litigation in federal courts has more than doubled between 1995 and 2004 and it is projected to double again by 2017. In over 85 percent of these cases, the person alleged to have misappropriated trade secrets was either an employee or business partner. It is estimated that businesses lose hundreds of millions of dollars every year due to the misappropriation of trade secrets.