Trade Secrets/Unfair Competition
For the past 30 years, Vedder Price's trial lawyers have been at the forefront of the development of the law on restrictive covenants and trade secrets. Our litigators have a collective 90-plus years of experience with these issues. Our experience is second-to-none. Indeed, within just the past three years, we have successfully prosecuted and defended hundreds of claims involving restrictive covenants and trade secrets, both within and outside Illinois and New York, at the state and federal trial and appellate court levels. The favorable results we have achieved for our clients – ranging from Fortune 50 companies to individual entrepreneurs – speak for themselves. Examples of our recent representations include:
- the successful enforcement of restrictive covenant and trade secret claims against former employees of a major national manufacturing concern in multiple jurisdictions throughout the country
- the successful defense of a restrictive covenant/trade secret action brought against several former employees of a national software development company
- the successful enforcement of restrictive covenant and trade secret claims against former employees of a nationwide placement firm
- the successful defense of several medical professionals in a law suit alleging breach of restrictive covenants and theft of trade secrets
- the successful enforcement of trade secret claims against a former employee of a local durable goods provider
And the list goes on. Time and again, we have been called upon by our clients to act quickly to bring or to defend litigation where the very survival of our client's business was at stake. And time and again, we have delivered results that simply cannot be matched.
While we stand ready to litigate when doing so is in our client's best interest, our restrictive covenant and trade secrets practice begins with counseling our clients on drafting and reviewing agreements, and on designing and implementing policies and procedures, intended either to avoid litigation or to place the client in the best position possible should litigation be necessary. We have extensive experience with:
- drafting agreements for prospective and existing employees and independent contractors specifically tailored to meet the client's business needs and the interests sought to be protected
- auditing client policies and procedures intended to safeguard the secrecy of the client's valuable business and customer information
- training employees of the client at all levels on how best to protect the company's valuable intangible business assets
- advising clients on best practices with respect to employee severance and other separation arrangements
- negotiating pre-litigation settlements of restrictive covenant and trade secrets disputes
We have counseled hundreds of our clients on these and other issues relating to restrictive covenants and the protection of trade secrets, with a view toward maximizing the protectability of the client's confidential and proprietary business information and relationships, and minimizing the client's risks in the event litigation is required.
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