Can you keep a secret? It only takes one person who can’t – or won’t – to spill the multimillion-dollar beans, especially when it comes to lucrative trade secrets.
The recent settlement between Uber and Wayno over a trade secret legal battle highlights that our increasingly technological reliance as a society will likely exacerbate the need for intellectual property protection. Waymo, which was formerly owned by Google to develop self-driving cars, alleged that a former employee, engineer Anthony Levandowski, downloaded the trade secrets to make this happen and went to work for Uber. (Uber is also cozy with Google. Awkward.)
Non-compete agreements are also of enormous value yet agreements which specifically cite the protection of trade secrets are essential in industries relying on such.
Here are 3 agreements pertaining to trade secrets currently available on RealDealDocs:
Clayton Holdings Inc.; The Murray Hill Company
Ford Motor Company