state or the other. so if we really want to see the important impacts, and i should say they are important, we estimate that wages could increase by $250 to $300 billion if noncompete clauses were banned. we want to see those kind of impacts for workers. elizabeth, this is a complicated aspect, but i have to get it in. intellectual property rights. isn t that a justification for maintaining noncompete agreements? we don t want you to go across town and take our proprietary information. that is a justification that we hear from employers. employers have other options. 97% of workers who are subject to a noncompete are also subject to something like a nondisclosure agreement or other protections that employers can have to protect their confidential information. there s also trade secret law. all of these other alternatives don t have the severe consequences for workers. i never as i said at the outset, i never knew. i just figured i m a radio guy.
A criminal case in Japan examines whether information disclosed orally and written on a whiteboard from memory constitutes trade secret leak, as Takanori Abe of Abe & Partners reports.
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In Matthews, the plaintiff, a manufacturer, designer, installer, and servicer of cremation equipment, asserted claims of trade secret misappropriation and breach of contract against several of its former employees and two of the entities where they are now employed.
Trade secret law can be less risky in some respects than other forms of intellectual property, If the information is lawfully disclosed to the public, it is no longer confidential and loses its trade secret protection forever.The Government recognizes time and money invested