UNIFORM TRADE SECRETS ACT

UNIFORM TRADE SECRETS ACT

Uniform Trade Secrets Act. A 1979 model statute, now enacted by most states, defining trade secret differently from the common law by being at once broader (because there is no continuous-use requirement) and narrower (because information ¡°readily ascertainable by proper means¡± cannot qualify). ? The Act has three elements: (1) the information must qualify as a trade secret; (2) it must be misappropriated, either through wrongful means or by breaching a duty of confidentiality; and (3) the owner must have taken reasonable precautions to keep the information secret. ¡ª Also termed Uniform Trade Secrets Protection Act. ¡ª Abbr. UTSA.
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