The iPhone and iPad are two popular devices in New Jersey. In fact, one would be hard pressed to go anywhere in public without seeing someone using one of the devices. This popularity was something that Apple worked hard to achieve. The process of developing such a long-lasting product trend took years and involved extensive market research before releasing the iPhone in 2007 and the iPad later in 2010.
A bill just signed into law by Gov. Chris Christie promises to help protect the trade secrets of businesses across New Jersey by establishing specific remedies when intellectual property such as a formula, design, prototype or invention is misappropriated.
American Superconductor Corp. has filed an intellectual property suit against a Chinese company seeking over $1.2 billion. American Superconductor claims that a Chinese wind turbine producer has stolen its technology.
The online coupon and daily deals company, Groupon, has sued two former sales executives in a breach of contract case and claims the executives will eventually apply confidential information gained from their time at Groupon to their new positions at Google Offers. Google Offers is a similar internet-based daily deals site created by Google.
Google recently announced the launch of its new business venture, Google Wallet. Last week, PayPal and eBay sued Google over Google Wallet, saying that the service was developed by former PayPal and eBay employees who had illegally shared trade secrets and intellectual property with Google. PayPal and eBay are alleging breach of contract and misappropriation of trade secrets in the development of Google Wallet because former employees of both companies were instrumental in Google's new online payment service.
Hewlett-Packard has sued its former chief executive officer Mark Hurd for breach of contract; more specifically for violating a confidentiality agreement. A confidentiality agreement is a contract entered by two parties who want to ensure information shared between them is not shared with any party outside of the relationship. Often, companies ask an employee to sign non-disclosure agreements to ensure confidential information of the company remains with the company during the employee's tenure and after departure.