Foundations of Information Ethics by Burgess John T. F.; Knox Emily J. M.; Hauptman Robert & Emily J. M. Knox

Author:Burgess, John T. F.; Knox, Emily J. M.; Hauptman, Robert & Emily J. M. Knox [Неизв.]
Language: eng
Format: epub
Tags: COM032000 Computers / Information Technology
Publisher: American Library Association

Defend Trade Secrets Act of 2016

Trade secrets are just that, secrets that are held by a particular firm that are valuable to the firm so long as they remain a secret. There are a wide variety of trade secrets from “secret recipes” for fried chicken and soda to business methods and marketing plans to research and development activities. Because these secrets are valuable, firms will take a variety of steps to ensure that these secrets are not disclosed.

Prior to the enactment of the Defend Trade Secrets Act of 2016, companies whose trade secrets were misappropriated had limited options. Companies could only seek redress in the state courts or if applicable, take action under the Economic Espionage Act of 1996, which was limited to international situations. Definitions and remedies and application of these laws varied from state to state, which was problematic for firms dealing with misappropriation. Fortunately, the Defend Trade Secrets Act provides a legal definition of a trade secret which allows for a broad range of proprietary information to be protected under the statute as long as

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