Trade Secret Asset Management Webinar
A trade secret may be a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information which is not generally known or reasonably ascertainable by others, and by which a business can obtain an economic advantage over competitors or customers. The scope of trade secrets is virtually unlimited.
There are a number of forces which together mean that trade secret asset management is now becoming a business critical issue, and one which companies must address. These forces include - legislative developments (DTSA in the USA, EU Directive on Trade Secrets); finance & tax developments (OECD BEPS); network security & cyber-crime (the hackers are after trade secrets); IP reform (a weakening of some other forms of IP); corporate governance; companies embracing openness; and the nature of employment .
Trade secrets are an important, but an invisible component of a company’s portfolio of assets. They can add tremendous business value, so they need to be properly and professionally managed, and looked after.
This one-hour lunchtime webinar will cover the following:
- The definition of trade secrets, and what qualifies as a trade secret - examples; classification
- Good and bad practices within companies
- The recent law changes - US, Europe, China and the implications for business
- Some other forces at play increasing the importance of trade secrets - Tax; Cyber security; Open innovation; The nature of employment
- Some recent high profile trade secret court cases
- Trade Secret Asset Management - the key elements
- The importance of Trade Secret Metadata
I am the Managing Director of Chawton Innovation Services. My company offers consultancy in the areas of innovation and intellectual property management. Put simply, my company helps clients to appreciate their intellectual capital, assets and property, and to ensure that they then manage these intangibles in an efficient and effective manner. My client base includes Multi-Nationals, SMEs, Legal & IP Firms, Financial Services entities as well as Universities. My company also offers a suite of intellectual property software solutions for SMEs, Law Firms & IP Firms.
I graduated from NIHE Limerick (now The University of Limerick) in Ireland in '85, with a Degree in Electronic Engineering.
I am formerly a VP of R&D and a Director of IP at Nokia. I have had a long career at Nokia for 21 years and have wide and varied experience in the wireless telecoms industry, having worked for periods in The Netherlands, UK, USA, Finland, and HK.
I am an Adjunct Professor at Imperial College Business School in London, and teach about 'IP management'.
My first book “Inside the Patent Factory” was published by Wiley & Sons in 2008. My second book “Harvesting External Innovation” was published by Gower Publishing in mid 2011. I have also written a large number of papers on various aspects of innovation and IP which have been published in a number of magazines, web sites and blogs around the world.
Since 2013, I have been included into the IAM 300 (the world's leading IP Strategists) an annual listing of those individuals identified as offering operating companies and other IP owners world-class advice on maximising the value of their intellectual property.
Together with some associates, I also coach and mentor a number of start-up companies on innovation and entrepreneurship.