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Simple English definitions for legal terms

Uniform Trade Secrets Act

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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.

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lilypadfrog
14:44
@SplitterusClitterus: I applied like two weeks later. It was one of my last apps
jackfrost11770
14:44
I mean I think you're more likely to get WL than R at UPenn lmao, I'm taking it as an R whatever
ReminiscentZestyFish
14:45
Tru
GreyCeaselessMammoth
14:45
notHim at it again
14:45
notHim is a born WINNER
14:47
ya i basically have penn r
Trismegistus
14:48
how would you know
14:48
uh wdym. i didnt get penn A or penn WL
jackfrost11770
14:48
Check substatus, it's not an update. I didn't even notice it at first
14:48
Substatus?
14:48
i cant get into my penn rn so im just assuming
14:48
same @Eggan
cumsock
14:49
carole baskin sold all her land
14:49
If it says under committee review I’m still alive right
cumsock
14:49
for 20 million fuckin dollars
Trismegistus
14:49
that's what mine saying @sadpadresfan
14:50
ya im on the plane so it wont let me log into lsac for some readon
14:50
for another 2 hours
lilypadfrog
14:50
im out here in miamiiiii
14:50
Whoa someone got Penn WL but Harvard A earlier what the heck
Trismegistus
14:50
happens all the time
14:51
I stg every time I see you that Jorge Ben song starts playing in my head again
Trismegistus
14:51
LOL
jackfrost11770
14:53
Egg not necessarily, I didn't get an email. It just says waitlist in application status which is mad annoying lol. At least tell us what you want like a LOCI or anything
14:54
i cannot get into my portal
14:54
i will not know
14:54
delta have better wifi challenge
cumsock
14:55
i dont think william and mary is sending me that interview invite
cumsock
14:55
am i thAT shit
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