Many companies rely on specific or unique business practices and ideas that allow them to stand out from the competition. However, in order for this competitive edge to be retained, these practices, techniques, and intellectual property must be kept from competitors. Therefore, many companies place clauses in employee contracts, protecting their trade secrets. A worker accused of violating the restrictions on sharing this information may face substantial penalties as a result.
If you or someone you know has been accused of sharing trade secrets, you need the assistance of an experienced legal representative to help protect your rights and interests against these damaging charges. Contact a Wisconsin trade secrets lawyer of Hart Powell, S.C. today by calling (414) 271-9595 to speak with a qualified member of our professional legal staff and learn more about what we can do to help defend you in this difficult situation.
Penalties for Trade Secret Violations
Those who are accused of trade secret violations may face a range of different penalties, including the following:
- Injunctive relief
- Financial damages caused by misappropriation
- Financial damages caused by unjust enrichment
- Punitive damages
These penalties can be substantial, depending on the type of case in which the trade secret violation is alleged to have occurred. Additionally, a person can sustain substantial damage to their professional reputation, making it difficult to find work again. As such, it is critical to have a lawyer who knows what is at risk and will take whatever action is possible supporting you.
If you or someone you know has been accused of a trade secret violation, you may be facing serious penalties for your actions. Contact the Wisconsin trade secrets attorneys of Hart Powell, S.C. today at (414) 271-9595 to discuss your situation and learn what we can do to help you avoid these penalties.