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secret defendant's best strategy is to show it only used its own or public information. Independent development is a complete defense to misappropriation because it destroys the plaintiff's third required showing.
Courts grant seizure orders only in extraordinary circumstances, and the trade secret owner possesses the burden of proof to establish the basis for the order.
Specifically, trade secret is defined as: ?all forms and types of financial, business, scientific, technical, economic, or engineering information, including patterns, plans, compilations, program devices, formulas, designs, prototypes, methods, techniques, processes, procedures, programs, or codes, whether tangible or ...
Time Limitations often range from three years from the date of disclosure to five years from the termination or expiration of the NDA.
Punitive damages of up to twice the amount of actual loss may be available if the trade secret was willfully and maliciously appropriated. The decision of whether to seek enforcement of your trade secret rights in federal or state court depends on a number of factors.
Contrary to patents, trade secrets are protected without registration, that is, trade secrets require no procedural formalities for their protection. A trade secret can be protected for an unlimited period of time, unless it is discovered or legally acquired by others and disclosed to the public.
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.
The statute of limitations for a claim under the DTSA is three years from the date of discovery of the misappropriation (18 U.S.C. § 1836(d)). Until the DTSA, trade secret misappropriation was governed by state law. The DTSA supplements but does not preempt state law (18 U.S.C.