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LSDefine

Simple English definitions for legal terms

Economic Espionage Act

Read a random definition: antidestructibility statute

A quick definition of Economic Espionage Act:

The Economic Espionage Act is a law that was created in 1996 to make it illegal to steal trade secrets or engage in industrial espionage on behalf of a foreign country. This means that if someone takes confidential information from a company without permission and gives it to another country, they can be punished by law. The law also applies to anyone who knowingly receives or buys stolen trade secrets.

A more thorough explanation:

The Economic Espionage Act is a federal law that was passed in 1996. It makes it illegal to steal trade secrets or engage in industrial espionage on behalf of a foreign entity. The law also applies to anyone who knowingly receives, purchases, or possesses stolen trade-secret information.

For example, if a company hires someone to steal trade secrets from a competitor in another country, that person and the company could be prosecuted under the Economic Espionage Act. Similarly, if someone knowingly buys stolen trade-secret information, they could also be prosecuted.

The purpose of the Economic Espionage Act is to protect American businesses from theft of their intellectual property. By making it illegal to engage in industrial espionage, the law helps to ensure that companies can compete fairly and that their innovations and ideas are protected.

economic earnings | economic frustration

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General

General chat about the legal profession.
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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
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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