(05-23) 14:46 PDT – Social networking sites are changing the way people interact, socially and professionally. Sites like Facebook and LinkedIn let people establish relationships and store information on their contacts. When effectively used and managed, these sites can significantly increase the productivity of salespeople and other revenue-generating employees. But the use of these social networking sites by employees to manage their business contacts can also have implications when those employees leave to join a competitor. Client lists and customer databases are frequently alleged to be trade secrets. If an employee has used a client list to build a network of links and/or contacts on Facebook or LinkedIn , does that list lose its trade secret status?  Read more... (773 words, 8 images, estimated 3:06 mins reading time)