Uniform Trade Secret Act
Trade Secret Protection







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Protection Of Trade Secrets

      

      One of the policy of Uniform Trade Secret Act is to maintain proper standards of business ethics. Trade Secret Protection has the policy basis to encourage research and development by providing protection to the originator of business information. The Trade Secret Protection modifies the basic principles of common law trade secret protection, preserving its essential distinctions from paten law. Improper means in Trade Secret Protection includes theft, bribery, misrepresentation, breach or inducement of a breach of a duty to maintain secrecy, or espionage through electronic or other means. Uniform Trade Secret Act's Person means a natural person, corporation, business trust, estate, trust, partnership, association, joint venture, governmental subdivision or agency, or any other legal or commercial entity. To encourage research and development by providing protection to the originator of business information is the policy basis of Uniform Trade Secret Act. Trade Secret Protection contains general concepts like the contribution of the Uniform Act is substitution of unitary definitions of trade secret and trade secret misappropriation, and a single statute of limitations for the various property, quasi-contractual, and violation of fiduciary relationship theories of non-contractual liability utilized at common law.

      The policy basis of Trade Secret Protection is the desire to encourage research and development by providing protection to the originator of business information, and also to maintain proper standards of business ethics. Trade Secret Protection lasts indefinitely or as long as the protect able information remains secret unlike patents and copyrights. An attempt to make trade secret law more uniform across the states has resulted in the Uniform Trade Secret Act (UTSA) which has been adopted by a majority of the states. The Trade Secret Protection includes avoidance of unjust enrichment from trade secret misappropriation. The desire to encourage research and development by providing protection to the originator of business information, and also to maintain proper standards of business ethics are the policy basis of Uniform Trade Secret Act. Unlike patents and copyrights, Trade Secret Protection lasts indefinitely or as long as the protect able information remains secret. If any provision of this Act or its application to any person or circumstances is held invalid, the invalidity does not affect other provisions or applications of the Act which can be given effect without the invalid provision or application, and to this end the provisions of this Act are severable.




Uniform Trade Secret Act | Trade Secret Protection

   
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