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Theft of intellectual property can be devastating

On Behalf of | Dec 31, 2021 | Business Law

A company’s confidential information could play a vital role in its success and taking steps to protect such information can be an essential, yet potentially complex process. Should a theft of intellectual property occur, the fallout could take a devastating toll on a business in New York. Part of preparing to safeguard against such issues could involve knowing what constitutes as intellectual property and the steps to take should a theft occur.

Sensitive information

Intellectual property can come in various forms and fashions, ranging anywhere from unique company logos to operational procedures and product designs. One common type of intellectual property may pertain to copyrights and copyright infringement remains a major concern for many companies. Patents and trademarks are two more types of sensitive information that companies may feel it vital to protect.

Company trade secrets are also a common type of intellectual property and property of this nature could include information on product blueprints and manufacturing processes. Many companies may seek to protect sensitive trade secrets by implementing measures such as noncompete or nondisclosure agreements. Regardless of how it occurs, or which type of sensitive information is involved, a theft of intellectual property could leave those involved in search of guidance on the next steps to take to protect their interests.

The next steps

Should a theft of intellectual property occur, business owners in New York could benefit from retaining the services of an attorney as soon as possible for guidance on the next steps to take. An attorney can evaluate the circumstances a client is facing and provide advice on all his or her available legal options. Such guidance could prove integral to helping a person prepare to take the necessary steps to protect his or her interests and if necessary, to pursue the full amount of restitution entitled through the proper outlets.

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