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Trade Secret Litigation an Updated Overview BY WILLIAM M. CORRIGAN, JR.1 AND JEFFREY L. SCHULTZ2 William M. Corrigan, Jr. Armstrong Teasdale, LLP St. Louis Introduction ? Trade secret litigation often.

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What is Trade Secret Litigation? Trade secret litigation involves a company's or individual's most confidential technical, financial, or business information, which the company or individual considers its “trade secrets.” For example, the formula for Coca-Cola has been protected as a trade secret for over 100 years.

Misappropriation occurs either: (1) when the trade secret is obtained through improper means, or (2) when there is disclosure or use without proper consent and the discloser or user knows or has reason to know that the trade secret was subject to a duty to maintain its secrecy or limit its use.

What Are Some Notable Examples of Trade Secrets? Google's Search Algorithm. ... Coca-Cola's Coke Syrup Formula. ... KFC's Original Recipe. ... McDonald's Big Mac Special Sauce. ... WD-40's Multi-use Product Formula. ... Patents. ... Trademarks. ... Copyright.

Trade secret misappropriation occurs when a trade secret has been wrongfully taken or disclosed without consent. A trade secret is defined as information (1) that derives independent economic value from not being generally known, and (2) which has been the subject of reasonable efforts to be kept a secret.

Taking home confidential information from work. Hacking a company's computer and accessing secret documents. Making copies of confidential business files. Publishing, whether in print or online, is a company's trade secret.

The plaintiff in a trade-secret case lawsuit must prove three facts: (1) it has some valuable business information that it has kept secret; (2) the information is not generally known; and (3) the defendant has used that secret. A defendant may attack each showing, but some attacks are better than others.

The MUTSA defines a “trade secret” as “information, including but not limited to, technical or nontechnical data, a formula, pattern, compilation, program, device, method, technique, or process, that: (a) “[D]erives independent economic value, actual or potential, from not being generally known to, and not being ...

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232