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A trade secret is any “formula, pattern, device or compilation of information which is used in one’s business, and which gives [the employer] an opportunity to obtain an advantage over competitors who do not know or use it.” [2] "New York courts typically consider the following factors in determining whether there is a trade secret: (1 ...
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. [1] [2] [3] Well-known examples include the Coca-Cola formula and the recipe for Kentucky ...
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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]
GlobalFoundries, which is majority owned by Abu Dhabi's sovereign wealth fund Mubadala, separately sued Armonk, New York-based IBM in New York federal court in 2023 for allegedly misappropriating ...
NEW YORK (Reuters) -A Canadian resident of China has been arrested in the United States for allegedly stealing electric car manufacturer Tesla's trade secrets and conspiring to sell them to ...
A Canadian resident of China pleaded guilty in New York federal court on Thursday to stealing Tesla electric-vehicle battery manufacturing trade secrets and conspiring to sell them to undercover ...
Between October 2002 and January 2003 five Chinese businessmen were accused of illegally shipping equipment and trade secrets from California to China, [11] and U.S. officials prevented a Chinese man from shipping a new, high-speed computer used in classified projects (including nuclear-weapons development) from Sandia National Laboratories. [11]