Monday, May 4, 2020

Trade Secret Protection in a Nutshell

Trade Secret Law in a Nutshell (book)
The federal Defend Trade Secrets Act and similar laws in most states let employers seek injunctions for the return of certain business information if three things are true: 
  1. The information is actually secret,  
  2. the business has taken "reasonable measures" to keep it so, 
  3. and the information has "independent economic value" because it's unknown to others who could profit from it.
These cases often turn on what an employer did to protect its alleged secret. If security was tight, it stands a good chance at getting an injunction; if it was lax, it'll likely lose. more