Your trade secrets are your business's most confidential and valuable assets, as they are what sets your New Jersey business apart from its competitors. While you should take the necessary measures to protect your intellectual property, you cannot always anticipate breaches. The law has protections in place to compensate businesses that are victims of intellectual property breaches. However, for the law to apply, the stolen information must meet the legal definition of a trade secret.
New Jersey business owners and executives know they must operate their companies ethically and legally. The need for this is fueled in part by the need and desire to avoid costly fines that can be associated with compliance violations. However, a strong corporate compliance program can do more than just help a company stay out of trouble. When properly developed and managed, a compliance program can fuel a business' success.