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Cox Padmore Skolnik & Shakarchy LLP remains ready to serve you during the COVID-19 pandemic. We are prepared to provide you with continuous legal service and uninterrupted communication. We are also monitoring the legal impact of COVID-19 and we are available to discuss any questions you may have regarding the CARES Act, insurance coverage issues, including business Interruption insurance, or other issues. Please see below for a list of our practice areas. You may contact us by the usual means of telephone and email, which is encouraged at this time. We will promptly respond. Video conferencing is also available. In all, our firm remains committed to assisting you throughout this evolving period of legal, business, and safety concerns.

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Theft of intellectual property and the next steps to take

On Behalf of | Mar 9, 2021 | business law

Many business owners in New York and across the nation may feel that there could be few things as stressful as suspecting the possible misappropriation of sensitive company information. As a company’s intellectual property could play a significant role in its success, protecting such information is vital. However, suspecting the misuse or theft of intellectual property and knowing the next steps to take to safeguard a company’s interests may be two different matters altogether.

One of the most integral steps of protecting intellectual property could pertain to finding ways to prove that a misuse or misappropriation of sensitive information has occurred. Some tips that may help one achieve such a goal could include:

  • Type of property: Intellectual property comes in various forms, such as company copyrights and patents, and identifying the type of property involved is likely an essential component of the investigation.
  • Company rights: Knowing one’s rights pertaining to each type of intellectual property could also be integral to identifying the possible presence of theft or misuse of information.
  • Access to information: Identifying all parties who had access to sensitive information and considering what might have motivated such a breach could also be vital.
  • Gather evidence: It could also be in one’s best interests to be thorough when gathering evidence of the incident, as this step could play an integral role in preparing to protect company interests.

As a theft of confidential information runs the risk of causing dire financial repercussions, documenting losses could also prove essential to preparing to protect company interests.

While taking steps to safeguard a company’s intellectual property can be vital, proving that misuse or theft has taken place can be a complex process. Fortunately, one does not have to face this process alone, as there are attorneys in New York who can examine the situation and provide a person with insight on all available options and the best course of action to take. This type of advice could prove essential to helping a person better prepare to protect the future of his or her company through the proper outlets.

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