Trade Secrets

What Is a Trade Secret?

Trade secrets are defined by federal law under the Uniform Trade Secrets Act (UTSA). They are forms of intellectual property and may consist of any pattern, physical device, idea, process, or formula (or a combination of those) that gives a company an advantage over its competitors. It is important to understand what kind of things can be considered trade secrets, how businesses protect trade secrets, and what the penalties are for stealing trade secrets. What...
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