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Article
Fighting economic espionage with state trade secret laws
Faculty Publications
  • Carl J. Pacini
  • Raymond L. Placid
  • Christine Wright-Isak
SelectedWorks Author Profiles:
Carl J. Pacini
Document Type
Article
Publication Date
2008
Date Issued
January 2008
Date Available
April 2014
Disciplines
Abstract
Purpose : The purpose of this paper is to provide an overview of trade secrets, reasonable steps to preserve secrecy, trade secret value, misappropriation methods used to acquire trade secrets, various legal remedies, and internal controls to protect trade secrets. Design/methodology/approach : A sample of types of civil trade secret cases is highlighted. The paper includes a statutory and legal case study analysis of the elements in a civil trade secrets lawsuit. Analysis of actual trade secret court cases illustrates the importance of private civil lawsuits in combating intellectual property fraud. Findings : This paper shows the serious impact of trade secret espionage on the success and survival of businesses and the necessity of proving each element of a civil claim under state trade secret law. Also, practical steps necessary to protect an entity's trade secrets are discussed. Practical implications : This paper raises the awareness of executives, managers, internal and external auditors, forensic accountants and other interested parties about the severity of trade secret espionage. Also, this paper highlights numerous steps to protect trade secrets. Originality/value : This paper fills an identified need to inform those involved in the fight against economic crime about the importance of state trade secret laws and internal controls in the fight against intellectual property fraud.
Comments
Abstract only. Full-text article is available only through licensed access provided by the publisher. Published in International Journal of Law & Management, 50(3), 121-135. doi:10.1108/17542430810877454 Members of the USF System may access the full-text of the article through the authenticated link provided.
Language
en_US
Publisher
Emerald Group Publishing Ltd.
Creative Commons License
Creative Commons Attribution-Noncommercial-No Derivative Works 4.0
Citation Information
Pacini, C. J., Placid, R., & Wright-Isak, C. (2008). Fighting economic espionage with state trade secret laws. International Journal of Law & Management, 50(3), 121-135. doi:10.1108/17542430810877454