Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

Uniform Trade Secrets Act

Read a random definition: forest

A quick definition of Uniform Trade Secrets Act:

The Uniform Trade Secrets Act is a law that most states have adopted. It defines trade secrets as information that is valuable and secret, and that the owner has taken reasonable steps to keep secret. If someone wrongfully takes or uses this information, they have committed misappropriation. The law helps protect businesses from having their valuable information stolen or used without permission.

A more thorough explanation:

The Uniform Trade Secrets Act is a model statute created in 1979 that has been adopted by most states in the United States. It defines trade secrets differently from common law by being broader and narrower at the same time. It is broader because there is no continuous-use requirement, and it is narrower because information that can be easily obtained through proper means cannot qualify as a trade secret.

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.
  3. The owner must have taken reasonable precautions to keep the information secret.

For example, a company's secret recipe for a popular soft drink can be considered a trade secret under the Uniform Trade Secrets Act. If a former employee of the company shares the recipe with a competitor, it would be considered misappropriation and a violation of the Act.

Another example could be a software company's proprietary code that is kept secret from competitors. If a former employee of the company takes the code and uses it to create a competing product, it would be considered misappropriation and a violation of the Act.

uniform statute | unify

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
ClassyPleasantHeron
10:01
The "date changes" at Michigan really don't mean anything. We had to do them in undergrad admissions whenever a Georgia applicant picked the country instead of the state, because we'd have to remove the TOEFL requirement and reassign the application from the international application readers.
soapy
10:06
Classy, does that mean they may look at your application, and that look doesn't necessarily trigger any date change?
1a2b3c4d26z
10:06
Man
1a2b3c4d26z
10:07
Walkin to the bus
1a2b3c4d26z
10:07
What a good day to get into law school
ClassyPleasantHeron
10:11
@soapy: I don't know for sure about the law school. For undergrad, once the application is complete, it's assigned to a reader the following Monday. If we had to make any changes, it's because a reader saw something that needed to be changed and the application needed to be re-read after that change.
soapy
10:12
Ahh, got it. Thank you for the insight!
ClassyPleasantHeron
10:14
You're welcome. FWIW, I have no idea what's up with the address changes. We didn't have to do any of that, except for the Georgia state vs country kinds of things.
soapy
10:15
I've heard it theorized that some schools will change the address from "St." --> "Street" as they prepare to send out admissions packets. That's the rumor, anyways.
i think it just indicates a change in status like under review or stages of review
my stanford address went long as soon as it was marked complete lmao
soapy
10:25
I saw some Reddit adcom say that they can see any time we refresh the status checker; I wonder if it's a red flag if an applicant's checked it like 50 times in a day?
soapy
10:25
Also, can we send another LoR to a school that we've already applied to?
soapy
10:26
Or another essay?
10:30
i'll allow it
soapy
10:31
<3 thanks Fart Butt
1a2b3c4d26z
10:31
If I get rejected by a school bc I check my statuses during work then it wasn’t meant to be
10:32
cautionary tail re reddit posts: https://www.youtube.com/watch?v=5jZAQAuqSfs
How else will they know we fuck
Need to know aboot 6 pack abs
How many 666 people apply?
lolololol
soapy
10:34
Ah that's frightening
@triplethread
Why? LOL
soapy
10:35
The adcoms recognize you and will deny you is frightening, lmaoo. Not the abs thing XD
10:36
they browse LSD?
soapy
10:37
Wouldn't be shocked if so; isn't this the biggest law school forum outside of Reddit?
10:37
i gotta change my username
LSD+ is ad-free, with DMs, discounts, case briefs & more.