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Trade Secrets Drive the Competitive Advantage and Shareholder Value of Todays Corporations.


DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c42668) has announced the addition of "Trade Secret Asset Management: An Executive's Guide to Information Asset Management, Including Sarbanes-Oxley Accounting Requirements for Trade Secrets" to their offering.

Of all the intangible assets Intangible Asset

An asset that is not physical in nature.

Notes:
Examples are things like copyrights, patents, intellectual property, and goodwill. These are the opposite of tangible assets.
, trade secrets are the most valuable and the most intangible of all. Their existence depends entirely on the standard of care applied by the information owner The person or group responsible for applying security policies to an information object. . Failure to meet this standard of care can result in the loss of the companys entire portfolio of trade secrets without any legal recourse. "Trade Secret Asset Management" provides essential understanding of the legal, security, and accounting issues surrounding trade secret assets. The legal discussion includes the definition of trade secrets, their importance to the corporation, and the manner in which they are defended or lost. Security issues include protecting trade secrets against insider and outsider Outsider often refers to one identified as on the periphery of social norms, one living or working apart from mainstream society, or one observing a group from the outside, as used in:
  • Outsider Art, created by artists working outside the mainstream art world
 theft, and the often neglected issue of inbound in·bound 1  
adj.
Bound inward; incoming: inbound commuter traffic.

Adj. 1. inbound
 security.

The accounting section details the processes of inventory, identification, valuation, and reporting of trade secrets, and concludes with a discussion of new corporate responsibilities for trade secret assets under the Sarbanes-Oxley Act See SOX. . From the 120-year-old formula for Coca-Cola to yesterdays enhancements to Googles search technology, trade secrets drive the competitive advantage and shareholder value of todays corporations. Trade Secret Asset Management is the only book written for the executive suite that provides the knowledge and understanding required to take maximum advantage of the corporations most valuable propertyaits trade secrets.

About the Authors

R. Mark Halligan is a trial lawyer and a principal in the Chicago intellectual property firm of Welsh & Katz Ltd., and teaches advanced trade secrets law and trade secret litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute.

When a person begins a civil lawsuit, the person enters into a process called litigation.
 at John Marshall Law School The John Marshall Law School is the name of two unrelated law schools, both named in honor of John Marshall.
  • John Marshall Law School in Chicago, Illinois, founded in 1899
  • John Marshall Law School in Atlanta, Georgia, founded in 1933
 in Chicago. He is widely recognized as the countrys leading expert in trade secrets law and the Economic Espionage espionage (ĕs`pēənäzh'), the act of obtaining information clandestinely. The term applies particularly to the act of collecting military, industrial, and political data about one nation for the benefit of another.  Act of 1996.

Richard F. Weyand is the president of The Trade Secret Office, Inc., which is developing management methods and software for the automated au·to·mate  
v. au·to·mat·ed, au·to·mat·ing, au·to·mates

v.tr.
1. To convert to automatic operation: automate a factory.

2.
 discovery, inventory, valuation, and tracking of trade secret intellectual property. He has served as a testifying technical expert in trade secrets cases and is a computer forensic examiner.
Key Topics Covered Include:

 PART I: THE LAW
 1. What Is a Trade Secret?
 2. The Nature and Importance of Trade Secrets
 3. How Trade Secrets Are Defended
 4. How Trade Secrets Are Lost

 PART II: SECURITY
 5. Introduction to Security
 6. Security Against Outsiders
 7. Security Against Insiders
 8. Inbound Security
 9. Monitoring
 10. Establishing a Trade Secret Culture

 PART III: ACCOUNTING
 11. Inventory and Classification
 12. Valuation and Reporting
 13. Life Cycle Management of Trade Secrets
 14. Sarbanes-Oxley and Trade Secrets
 15. Trade Secret Holding Companies

 PART IV: APPENDICES
 A. Trade Secrets and the Law
 B. Important Trade Secret Cases
 C. Checklist of Potential Trade Secrets
 D. Sample Non-Disclosure and Confidentiality Agreement
 E. Sample Employee Trade Secrets Exit Interview Form


For more information visit http://www.researchandmarkets.com/reports/c42668
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Sep 26, 2006
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