About the Course
Introduction
This CLE webinar will guide IP counsel on protecting trade secrets. The theft of trade secrets is valued at $540 billion per year according to a recent report. The panel will address identifying trade secrets, implementing safeguards for trade secrets, and structuring agreements that involve trade secrets. Also, the panel will address misappropriation, enforcement, and remedies for misappropriation. The panel will discuss recent cases, pitfalls, and best practices involving trade secrets.
Description
Trade secrets can be put at risk because companies may need to share trade secrets with employees, business partners, manufacturers, and others to realize the full economic value of the trade secrets. The use of AI applications by employees also poses a threat to a company's trade secrets. In addition, remote work may increase the risk for disclosure or theft of trade secrets.
To maintain their trade secrets, companies often rely on agreements to contractually prohibit employees and third parties from disclosing their information. In transactions involving trade secrets, it is critical that the contract protects the trade secrets involved. By understanding the essential elements--and the common pitfalls--in trade secret agreements, counsel for trade secret owners can prepare to effectively structure and negotiate contracts in their clients' best interests.
Further, to avoid the consequences of any disclosure arising from the use of an AI system, it is important companies ensure that they take steps to protect their trade secrets. Company policies, employee agreements, non-disclosure agreements, and trade secret agreements provide protection from employee misuse or disclosure, and from third-party disclosure.
Listen as our authoritative panel of IP attorneys provides trade secret owners and counsel guidance on identifying and protecting trade secrets. The panel will also discuss key provisions in agreements involving trade secrets. In addition, the panel will address misappropriation challenges, enforcement, and remedies for misappropriation. Furthermore, the panel will discuss recent cases, pitfalls, and best practices.
Presented By
Mr. Augustyn represents clients in high stakes intellectual property litigation, licenses, agreements, mergers & acquisitions, client counseling, and prosecution. Leveraging his prior experience in management and as an engineer at Fortune 100 companies, he understands that IP and business issues require creative and cost-effective legal solutions. Mr. Augustyn has been an international speaker at over 60 programs to thousands of corporate and outside counsel. Also, he has been an instructor and advisor for over 15 years total at Loyola Law School and Northwestern Law School. Mr. Augustyn has been selected for several honors including Best Lawyers, Super Lawyers, Top 50 Lawyers in America, IAM Patent 1000, and Fellow to Litigation Counsel of America.
Ms. Swanson helps clients secure, protect, enforce, and defend intellectual property rights, including patents, trade secrets, and trademarks. She primarily focuses her practice on prosecution, litigation, and due diligence matters in the biotechnology and chemistry arts.
Recent domestic and international prosecution matters have involved technologies such as cancer vaccines, treatments involving delivery of personalized medicine, nucleic acid sequences, proteins, enzymes, biomarkers, chemical and biological assays, monoclonal antibodies, chimeric antigen receptors (CARs), designer receptors exclusively activated by designer drugs (DREADDs), cell lines, DNA cloning and amplification techniques, genetic vectors, medical treatments, and pharmaceutical compositions. While fascinated by the legal and scientific aspects of her role, she also enjoys having the opportunity to understand the business side of her clients’ companies so she can effectively advise on portfolio management strategies.
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This 90-minute webinar is eligible in most states for 1.5 CLE credits.
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Date + Time
- event
Tuesday, October 24, 2023
- schedule
1:00 p.m. ET./10:00 a.m. PT
- Identifying trade secrets
- AI, remote work, and other risks
- Implementing safeguards for trade secrets, including AI risk and remote work
- Trade secret agreements and key provisions
- Employee agreements
- Non-disclosure agreements
- Licenses
- Misappropriation, enforcement, and remedies
- Recent cases involving trade secrets
The panel will review these and other key issues:
- What actions can companies take to minimize the risk of exposure of trade secrets in AI?
- What are the best practices for identifying and protecting trade secrets?
- What are the key provisions and pitfalls in trade secret agreements?
- What lessons can be learned from recent trade secret cases?
