The Risk in Hiring a Competitor’s Employees On July 5, Elon Musk’s Twitter sent a Cease and Desist Letter to Mark Zuckerberg’s Meta Platforms demanding that Threads stop using Twitter’s trade secrets and other highly confidential information. (First reported by Semafor on July 6, 2023.) Twitter’s stated concern results from Thread’s hiring dozens of Twitter […]
What seems clear can be mistaken! Two recent decisions highlight the importance of carefully writing and understanding agreements. One case involves non-disclosure agreements. The other involves the assignment of future inventions, a common provision in many employment agreements. Non-Disclosure Agreements Businesses use non-disclosure agreements in many situations: mergers and acquisitions; to obtain the expertise of […]
Often Overlooked, Trade Secrets can be Valuable Tesla, Halliburton, and Google Sue Tesla recently filed two lawsuits for theft of trade secret. They sued several former employees and the two companies they joined, Zoox and Chinese EV automaker Xiaopeng. The trade secrets involved their driverless vehicle technology. Halliburton just sued a former employee for stealing […]
