Absolutely. Let me tell you why talking about intellectual property is relevant.
Let me read a quote from Gowling entitled “Lithium-Ion Batteries in Canada: IP Considerations”. It is an article that was written not too long ago, on July 27, 2023. The subtitle is “Main challenges for Canadian companies from an IP perspective”. Let me highlight some important elements.
On “Protecting trade secrets”, it states:
The battery industry relies on closely guarded trade secrets, such as proprietary manufacturing processes and sensitive data. Ensuring strict confidentiality measures internally and during collaborations is critical to safeguarding valuable intellectual property. Protecting trade secrets can be challenging in international markets, as the level of legal protection and enforcement may vary between countries. Companies operating globally must be aware of the legal landscape in each jurisdiction and take appropriate measures to safeguard their confidential information.
If a company enters into a confidential contract with a partner, I assume that they don't want that contract to be made public, and there's information there that is important and must be guarded. “The battery industry relies on closely guarded trade secrets”. “Ensuring strict confidentiality measures internally and during collaborations is critical”.
We had a big issue in NCAA football during the last couple of weeks, where the University of Michigan Wolverines were accused of stealing signs at a football game. The coach of the team was suspended because they were accused of stealing signs, and that's a football game. That is how seriously they take sign stealing.
How seriously do you think a company takes contractual information, proprietary information, intellectual property and strategic information?