Business litigation attorneys represent businesses in legal disputes. These cases can include lawsuits involving companies, employees, customers, or other individuals or entities engaged in business transactions.
Intellectual property protection is one of the many areas in which a business litigation attorney can assist. For example, a mom-and-pop shop may worry that a new employee could leave and take confidential customer information.
Intellectual Property Infringement
Intellectual property protection is vital if your business has unique products or services. This includes protecting your rights through filings and other legal activities, such as a cease and desist letter. A business litigation attorney can help you take legal action if someone else misuses or steals your company’s intellectual property.
Even intangible assets like logos and product formulas are protected by intellectual property law. These assets allow businesses a competitive advantage and are critical for their success. Unfortunately, these assets can be stolen more efficiently than ever, thanks to the globalization of commerce.
A business litigator can assist you in enforcing your intellectual property rights in and out of court. They may assist you in drafting trademark, copyright, and patent filings and preparing contracts that reduce the danger of theft. They can also handle infringement claims and other legal challenges from your company’s transactions and operations. This saves your firm both time and money.
Many businesses rely on trademarks and other forms of intellectual property to distinguish their products and services from those of competitors. Suppose someone else uses a similar mark or otherwise infringes your rights. In that case, you can sue them for monetary damages and compensation for profits they made while selling the offending product.
Assume you operate a company that has created a unique branding and marketing plan for a successful board game. Assume your competition launches a board game like yours, causing consumer confusion. In that instance, you can initiate a civil complaint for injunctive relief, a declaration of infringement, monetary damages, and profit compensation.
A skilled business litigation attorney can assist you in resolving your issue in a financially beneficial way to your organization.
When most people think of a property that a business owns, they often think of tangible assets like buildings and equipment. However, intellectual property is equally valuable and essential. It includes a company’s trademarks, copyrights, trade secrets, and patents.
An attorney can help businesses protect their intellectual property and enforce those rights against others that violate them. They can assist with obtaining trademarks and copyrights, draft cease and desist letters, and bring a lawsuit to court.
It is not uncommon for large companies to have their intellectual property legal teams. But for smaller businesses, a business litigation lawyer is an invaluable asset on a retainer. They can anticipate issues that could arise, provide legal counsel informed by broad business perspectives, and offer solutions custom-tailored to your company’s needs.
Trade Secret Infringement
Your business may be a victim of intellectual property theft or misuse by its employees, competitors, or other strangers in this country and worldwide. A skilled business litigation attorney will help your company protect its IP from infringement and vigorously defend your business against claims of infringement brought by others.
A trade secret is confidential business information with commercial value due to its secrecy. If a company creates a product that is too similar to yours and you believe it will confuse customers, you can file a civil case seeking an injunction and monetary damages.
Misappropriation of trade secrets is when a person personally acquires a secret by improper means. This can include breaches of non-disclosure agreements, industrial espionage, and theft of company information from work computers or portable devices. The law differs in each state, but many have adopted the Uniform Trade Secret Act.