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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] It was developed to resolve inconsistencies in the treatment of trade secrets across different states.
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 ...
Due these Constitutional requirements, patents and trademarks enjoy a strong federal protection in the USA (the Lanham Act and Patent Act, respectively), while trade secrets usually have to rely on more limited state laws. Most states have adopted the Uniform Trade Secrets Act (UTSA), except for Massachusetts, New York, and North Carolina.
Each economic espionage charge carries a maximum 15-year prison term and $5 million fine, while each trade secrets charge carries a maximum 10-year term and $250,000 fine.
Disney wants to keep confidential any proprietary information or trade secrets that comes out of its state court fight with Gov. Ron DeSantis' appointees over who controls the governing district ...
Here, the PA news agency looks at the legislation which is designed to protect state secrets and national security.
Uniform Supervision of Trustees for Charitable Purposes Act: 1954 Uniform Surface Use and Mineral Development Accommodation Act: 1990 Uniform Tod Security Registration Act: 1989 Uniform Testamentary Additions to Trusts Act: 1960, 1991 Uniform Trade Secrets Act: 1979, 1985 Uniform Transboundary Pollution Reciprocal Access Act: 1982
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 ...