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LSDefine

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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RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
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