Trade Secrets - Damages - Exemplary

State:
Multi-State
Control #:
US-JURY-11THCIR-11-5
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Word
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Pattern Jury Instructions from the 11th Circuit Federal Court of Appeals. For more information and to use the online Instruction builder please visit http://www.ca11.uscourts.gov/pattern-jury-instructions Trade Secrets — Damage— - Exemplary refers to the damages that can be recovered from a party who has misappropriated a trade secret. Trade secrets are confidential information, processes, or technology that are used to give an organization a business advantage. Exemplary damages are awarded as a punishment to the wrongdoer to deter future wrongdoing and to compensate the victim for losses that may not be easily quantifiable. There are two types of exemplary damages: statutory and common law. Statutory exemplary damages are provided for under statues to protect businesses from unfair competition or theft of trade secrets. Common law exemplary damages are awarded by a court of law in cases of willful misconduct. Both types of exemplary damages are intended to punish the wrongdoer and deter them from misappropriating trade secrets in the future.

Trade Secrets — Damage— - Exemplary refers to the damages that can be recovered from a party who has misappropriated a trade secret. Trade secrets are confidential information, processes, or technology that are used to give an organization a business advantage. Exemplary damages are awarded as a punishment to the wrongdoer to deter future wrongdoing and to compensate the victim for losses that may not be easily quantifiable. There are two types of exemplary damages: statutory and common law. Statutory exemplary damages are provided for under statues to protect businesses from unfair competition or theft of trade secrets. Common law exemplary damages are awarded by a court of law in cases of willful misconduct. Both types of exemplary damages are intended to punish the wrongdoer and deter them from misappropriating trade secrets in the future.

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Trade Secrets - Damages - Exemplary