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The precise definition of a trade secret varies by jurisdiction, as do the types of information eligible trade secret protection. However, in general, trade secrets are confidential information that is: not generally known among or accessible to individuals within the relevant business sector; [3] commercially valuable because it is secret; [3] and
Nebraska's Trade Secrets Act defines a trade secret as information, including, but not limited to, a drawing, formula, pattern, compilation, program, device, method, technique, code, or process that: (a) Derives independent economic value, actual or potential, from not being known to, and not being ascertainable by proper means by, other ...
In the United States, trade secrets are protected under state law, and states have nearly universally adopted the Uniform Trade Secrets Act. The United States also has federal law in the form of the Economic Espionage Act of 1996 (18 U.S.C. §§ 1831–1839), which makes the theft or misappropriation of a trade secret a federal crime. This law ...
In 1975, Data General Corporation filed for permanent injunctive relief and damages based on Digital Computer Controls alleged misappropriation of trade secrets. Digital Computer Controls argued again that Data General Corporation took insufficient measures to protect the secrecy of their trade secrets.
Loss, misuse, modification, or unauthorized access to sensitive information can adversely affect the privacy or welfare of an individual, trade secrets of a business or even the security and international relations of a nation depending on the level of sensitivity and nature of the information. [2]
Sensitive Security Information (SSI) is a category of sensitive but unclassified information under the United States government's information sharing and control rules, often used by TSA and CBP. SSI is information obtained in the conduct of security activities whose public disclosure would, in the judgment of specified government agencies ...
There are several types of intellectual property rights, such as copyrights, patents, trademarks, industrial designs, plant breeders rights [1] and trade secrets. Therefore, an intellectual property infringement may for instance be one of the following:
Some legal jurisdictions recognise a category of commercial confidentiality whereby a business may withhold information on the basis of perceived harm to "commercial interests". [17] For example, Coca-Cola's main syrup formula remains a trade secret.