The founder of Oculus VR Inc., which makes the virtual reality headset the Oculus Rift, has been accused in a lawsuit of taking confidential information and passing it on to others. In 2014, Facebook acquired Oculus for $2 billion, hoping to get a front row seat to the untapped virtual reality market.
The Oculus Rift was developed for gaming programs and other applications. By wearing the device around their heads, consumers would be able to control virtual worlds of their choosing.
According to the lawsuit, the founder allegedly signed a confidentiality agreement with a Hawaii-based tech company, Total Recall Technologies, to build a prototype virtual reality headset. One year later, the founder of Oculus VR Inc. launched a Kickstarter fundraiser to campaign for his own headset, the Oculus Rift.
This is the second time the founder has been involved in a lawsuit over accusations of stealing confidential information. Zenimax Media, a large producer of video games, allegedly claimed a workable version of the Oculus Rift would have been impossible to create without its help.
How Can Companies Retaliate Against Breaches of Contract?
Sometimes companies will hire contractors or other outsourced workers to help develop new products or services. In many cases, companies require the signature of non-disclosure agreements to protect trade secrets and other intellectual property. Breaches of contract can cause companies to lose an edge in the marketplace and suffer financial losses.
When workers or other parties breach contracts, companies might have options for pursuing damages. Contacting a business litigation attorney can help companies find ways to pursue workers who have broken contracts and stolen intellectual property.
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