Trade Secrets

The North Carolina Trade Secrets Protection Act gives your business protection against those who would unfairly acquire, use, or disclose your trade secrets. Of course, in any such case the first question is what is a trade secret? According to the Act, trade secrets include business or technical information like formulas, programs, devices, methods, or processes that have actual or potential commercial value from not being generally known or readily ascertainable and are the subject of reasonable efforts to maintain their secrecy.

Unlike other claims, remedies under the North Carolina Trade Secrets Protection Act are not limited to actual damages. For example, in the case of an employee or business partner who has threatened to disclose a trade secret, you can act quickly to get a court order stopping them from disclosing it. Even if the secret has already been disclosed or unfairly acquired you may still be able to get this type of order to prevent the other party from profiting unfairly from their conduct. This doesn’t mean that damages are out the window though. On the contrary, in addition to actual damages, in certain cases you may even been entitled to recover punitive damages and attorneys’ fees from the party that wronged you.

At Garrett, Walker & Aycoth, what’s most important to us is what’s important to you. If your business relies on trade secrets, we will fight aggressively to keep those secrets under wraps so that your business can keep thriving and the product of all your hard work isn’t unfairly taken from you. Don’t be intimidated out of court or out of business by a larger corporation trying to throw its weight around. Don’t see your promising future dismantled by a disgruntled or greedy current or former employee.

Call us today at (336) 379-0539 or contact us to schedule an in-depth consultation with our Greensboro Employment Lawyers.

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