Revision Legal’s trade secret attorneys have both prosecuted and defended against trade secret claims. Trade secrets are typically defined under the Uniform Trade Secrets Act, which is a statute adopted by forty-seven states in the United States and its territories. Under the Uniform Trade Secrets Act, a trade secret is considered information that derives independent economic value from the fact that it is a secret and is protected as a secret by reasonable efforts.
Typically, trade secret cases involve trade secret misappropriation. Trade secret misappropriation is defined as the acquisition of a trade secret by improper means or the disclosure or use of a trade secret by a person who used improper means to obtain knowledge of the trade secret. Since trade secrets are very valuable, trade secret misappropriation can be a very serious issue and can often result in litigation.
Though trade secrets are important, companies can often overreach in trade secret matters. In defending against a trade secret claim, an expert trade secret lawyer will identify all applicable defenses, which may include:
- That the alleged trade secret is not actually a trade secret
- That the trade secret was not misappropriated
- That the alleged trade secret was not acquired improperly.
If your trade secrets have been misappropriated, or if you are a defendant in a trade secret matter, contact our trade secret lawyers today.