Oklahoma Misapproapriation of Trade Secrets-Elements

State:
Oklahoma
Control #:
OK-JURY-29-1-CV
Format:
Word
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Description

Misapproapriation of Trade Secrets-Elements Oklahoma Misappropriation of Trade Secrets-Elements is a form of intellectual property protection under Oklahoma law. It includes the protection of confidential business information, such as customer lists, strategies, formulas, recipes, drawings, and other information that provides a business with an economic advantage. There are two types of elements of Oklahoma misappropriation of trade secrets: the elements of misappropriation and the elements of damages. The elements of misappropriation of trade secrets include: 1) the existence of a trade secret; 2) the acquisition, disclosure, or use of the trade secret by a person who knows or should have known it was acquired through improper means; 3) the disclosure or use of the trade secret that is contrary to a duty of trust or confidence; and 4) the existence of harm to the owner of the trade secret. The elements of damages for trade secret misappropriation include: 1) the reasonable value of the trade secret; 2) the profits made by the defendant as a result of the misappropriation; 3) the costs incurred by the plaintiff to protect the trade secret; 4) any other costs incurred by the plaintiff as a result of the misappropriation; and 5) any other relief that the court may deem just and proper. In Oklahoma, the misappropriation of trade secrets is a civil offense and the plaintiff may be entitled to recover damages, including punitive damages and attorney’s fees.

Oklahoma Misappropriation of Trade Secrets-Elements is a form of intellectual property protection under Oklahoma law. It includes the protection of confidential business information, such as customer lists, strategies, formulas, recipes, drawings, and other information that provides a business with an economic advantage. There are two types of elements of Oklahoma misappropriation of trade secrets: the elements of misappropriation and the elements of damages. The elements of misappropriation of trade secrets include: 1) the existence of a trade secret; 2) the acquisition, disclosure, or use of the trade secret by a person who knows or should have known it was acquired through improper means; 3) the disclosure or use of the trade secret that is contrary to a duty of trust or confidence; and 4) the existence of harm to the owner of the trade secret. The elements of damages for trade secret misappropriation include: 1) the reasonable value of the trade secret; 2) the profits made by the defendant as a result of the misappropriation; 3) the costs incurred by the plaintiff to protect the trade secret; 4) any other costs incurred by the plaintiff as a result of the misappropriation; and 5) any other relief that the court may deem just and proper. In Oklahoma, the misappropriation of trade secrets is a civil offense and the plaintiff may be entitled to recover damages, including punitive damages and attorney’s fees.

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Oklahoma Misapproapriation of Trade Secrets-Elements