The importance of cost management by in-house IP management is something every IP Manager is familiar with.
This importance is however not limited to just patents and trademarks but applies to all of the IP assets within the organisation, including its trade secrets.
Good cost management starts by being able to separate trade secret related costs into 'buckets'. Some IP Managers lump all trade secret related costs into one cost bucket. However, by breaking out costs into separate categories, the IP Manager builds up a more accurate picture.
Such trade secret cost details allow the IP Manager to visualize the costs and identify opportunities to cut unneeded or unnecessary costs.
Such details may also prove of value for the 'damages' part of any trade secret misappropriation court cases.
I should highlight that I have come across a few in-house IP Managers who mistakenly believe that there are no costs associated with trade secrets as they are not a registered form of IP ..... d'oh !!!
Just for reference, the attached graphic is taken from the cost module of the Hazel Trade Secret Asset Management solution. The user may adjust the cost 'buckets' to suit their specific situation.
ich habe eine wie ich finde interessante Erfindung getätigt. Allerdings ist dass, da diese nur von mir selbst getestet wurde eine sehr subjektive Betrachtung.
Wie kann ich diese Erfindung / Idee objektiv beurteilen lassen?
Vielleicht ist hier in der Runde jemand der in dieser Hinsicht mir einen Ratschlag geben kann, wie man am besten von nicht bekannten, etc. eine objektive Meinung einholen kann.
Ich wünsche Euch allen frohe Weihnachten.
One has to acknowledge the challenging situation faced by many foreign companies in China with respect to trade secrets and their misappropriation.
This new paper by David Cohen and I briefly explains trade secrets before then describing the various scenarios in which foreign companies may find themselves. We suggest that some of the scenarios described are clear examples of trade secret theft but others less so, if not at all.
This paper also explores some recently published US reports about the problem of trade secret theft in China.
- Findings by the U.S. Trade Representative under Section 301 of the Trade Act of 1974, published 22 March 2018, and then updated on 20 November 2018
- US Department of Justice report to Congress pursuant to the Defend Trade Secrets Act, published 19 October 2018
This paper then concludes with some guidance on what foreign companies should do in order to better protect themselves.