LEB 323 Study Guide - Midterm Guide: Uniform Trade Secrets Act, Trade Secret
29 Nov 2017
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Document Summary
Knowledge that is not generally known and not readily available through legal means: customer detailed information, coca-cola formula, chemical formulas, marketing. Protected under the utsa (uniform trade secrets act) Unlike a patent, a trade secret does not need to be publicly disclosed. Elements of a trade secret misappropriation case: 1. Information was actually a trade secret: 2. Plaintiff had maintained reasonable measures to protect secrecy: 3. Defendant improperly acquired, used, or disclosed the trade secret information. Existence of a trade secret (element 1: factors deciding whether something was a trade secret, 1. Extent to which the information is or is not known outside the company: 2. Extent to which it is known by employees and other involved in his business: 3 how easy or difficult it would be for someone else to duplicate the information or acquire it properly, 4. Value of information to company and to competitors: 5. Amount of time and money spent to create information: 6.
