Trade Secret Protection Survey 2019.  How prepared is your organization?

Dawning of the Age of Trade Secrets
Why this is the #1 threat to today’s successful companies



 
Imagine if these headlines were your company:
 
  • "Waymo, the self-driving car company that began at Google, is suing Uber in a stunning suit”
  • 
“Oculus lawsuit ends with half billion dollar judgment awarded to ZeniMax”
  • 
“Zillow to pay $130M to settle lawsuit with Move over alleged trade secret theft”



Just about every week there’s breaking news of another high-profile, trade secrets dispute, major cases entangling tens if not hundreds of millions of dollars in legal fees, damages, business disruption, negative PR, employee and management uncertainty, loss of shareholder value, and more. 

In some cases, such as with the recent Waymo v. Uber lawsuit, the stakes can even be potentially existential for a company. For if the court ultimately enjoins and restrains Uber and forces them to exit or restart from scratch their autonomous car development, this would be a catastrophic blow to those efforts and perhaps the company at large.




The financial risks and losses keep escalating.  What would happen if you accidentally cost your company millions?

The FBI estimates that IP theft accounts for $500 billion to $600 billion in lost sales domestically, while companies lose market share, suffer reputational damage and see their unique competitive advantages compromised.

 Quite troublingly, there is one common denominator that cuts across virtually all these trade secrets suits and incidents: With proactive management, they would have been preventable.
 
Lax oversight and a dependency on stale, reactive legal documents over active, engaged, consistent management and modernized, secure information systems created a vacuum for problems like these to spawn.
 


We are now clearly in a trade secrets-driven economy where the success of your company will be increasingly predicated on how effectively you manage, safeguard, control dissemination, account for, assess value, and successfully leverage your know-how and trade secrets.


 
As CEO, a fiduciary member of the board, CFO or CIO, protecting and safeguarding these vital assets should be a critical executive priority for your business.

To protect your company from these liabilities, speak with an IP Armor representative, please call (425) 242-3378. 

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