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Misappropriation of a trade secret includes industrial or commercial espionage, breach of contract and breach of confidence, electronic surveillance, trespass, bribery, and fraud. It does not include "reverse engineering", where a company purchases a product and finds out how it works by laboratory analysis.
Use of a trade secret belonging to another does not always constitute misappropriation. There are two basic situations in which obtaining the use of a trade secret is illegal; where it is acquired through improper means, or where it involves a breach of confidence.
Ohio recognizes the tort of Misappropriation of Trade Secrets, which occurs when someone with a duty to maintain secrecy discloses trade secret information to a third party.
In 1994, Ohio adopted the Uniform Trade Secrets Act (?OUTSA?), Ohio R.C. § 1333.61, et seq. The OUTSA provides for various remedies to protect trade secrets, including injunctive relief (R.C. 1333.62) exemplary damages for willful theft of trade secrets (R.C. 1333.63), and attorney's fees (R.C.
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.
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.