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Simple English definitions for legal terms

economic espionage

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A quick definition of economic espionage:

Economic espionage is when someone steals important information about money, trade, or technology from a company or the government. They do this secretly and illegally. This can be very bad for the country because it can hurt the economy and national security. The government made a law called the Economic Espionage Act to punish people who do this. If someone is caught, they can go to jail for a long time and have to pay a lot of money. Sometimes people do this just to make money for themselves, and that's called corporate espionage.

A more thorough explanation:

Economic espionage is when someone illegally or secretly targets or acquires sensitive financial, trade, or economic policy information, proprietary economic information, or technological information. This can harm the economic stability of a country and individual companies. The primary law against economic espionage is the Economic Espionage Act of 1996 (EEA), which defines economic espionage as the theft or misappropriation of trade secrets and other intellectual property with the intent or knowledge that the offense will benefit a foreign government, foreign instrumentality, or foreign agent.

  • An employee of a U.S. company shares confidential technology with a foreign government, which could threaten national security.
  • A company steals trade secrets from a competitor to gain a competitive advantage in the market.

These examples illustrate how economic espionage can harm both national security and individual companies. The sharing of confidential technology with foreign governments can lead to a loss of competitive advantage and harm the overall economic growth of a country. The theft of trade secrets can also harm individual companies by giving competitors an unfair advantage in the market.

The punishment for economic espionage can be severe. Individuals can face up to 15 years in prison and up to $5 million in fines, while companies can face fines up to three times the value of the misappropriated information. However, the prosecution must prove that the person knew the information was a trade secret and intended to benefit a foreign government. Individuals who do not intend to benefit a foreign government but still intend to misappropriate trade secrets can be punished under § 1832 of the EEA.

economic efficiency | Economic Stimulus Act of 2008

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TGM
18:41
not sure if I should email them to say that, or just hold off on sending it and not give an excuse
18:41
I think I just wouldn’t reach out and if they ask for them then say that
Dkk
18:41
@tgm Yeah sounds good, say that if they ask
18:47
hey yall
18:47
im premed idk why im here
18:48
we’re like cool and sexy and fun I get it
18:48
true i love ur user
18:49
thank you my little crow friend
Dkk
18:50
Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
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