Customer lists, which can be considered a trade secret, have various remedies of damages. Similar to a trade secret, the remedy of damages for customer lists are commonly in the form of (1) actual damages including lost profits and lost value, (2) unjust enrichment, and (3) reasonable royalty. In the event that lost profits is the appropriate measure of damages, the expert can employ the three commonly used valuation methods (the cost, income and market approaches) to determine the actual losses.
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Vallit is focused solely on dispute consulting, business valuation and forensic accounting. Our senior team members have testified over 200 times in Federal, State and International courts. Our dispute expertise ranges from family law to complex commercial and intellectual property matters in a wide variety of industries. In non-disputes, our valuation reports are relied on by estate and trust attorneys, auditors, and business decision makers for tax, financial reporting and transaction purposes.