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A trade secret is a form of intellectual property comprising confidential information that is not generally known or readily ascertainable, derives economic value from its secrecy, and is protected by reasonable efforts to maintain its confidentiality.
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The Defend Trade Secrets Act of 2016 (DTSA) (Pub. L. 114–153 (text), 130 Stat. 376, enacted May 11, 2016, codified at 18 U.S.C. § 1836, et seq.) is a United States federal law that allows an owner of a trade secret to sue in federal court when its trade secrets have been misappropriated. [1]
The Uniform Trade Secrets Act (UTSA), published by the Uniform Law Commission (ULC) in 1979 and amended in 1985, is a model law designed for adoption by U.S. states. [1] It was developed to resolve inconsistencies in the treatment of trade secrets across different states.
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This is a summary of state trade secret law in the United States and its territories. Although many U.S. states have adopted the Uniform Trade Secrets Act (UTSA), each state is responsible for defining what constitutes a trade secret.