This is an agreement not to disclose trade secrets. As a condition of employment with a certain company, the employee acknowledges that certain papers, lists, processes, policies, and trade secrets are confidential and disclosure could cause the company irreparable harm. The employee agrees not to disclose the information to anyone, unless given permission to do so in writing.
Phoenix Arizona Trade Secrets Agreement
Category:
State:
Arizona
City:
Phoenix
Control #:
AZ-E-4
Format:
Word;
Rich Text
Instant download
Description
How to fill out Arizona Trade Secrets Agreement?
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FAQ
Trade secrets in the United States are governed by federal and state law. The Uniform Trade Secrets Act (UTSA), a uniform law proposed by the American Law Institute in the 1970s, has been adopted by every state except New York and North Carolina.
What law applies to trade secrets? Until recently, civil trade secret cases were governed by state law, not federal law. All U.S. states except Massachusetts and New York have adopted the Uniform Trade Secrets Act, an act developed to enable consistency among the various states.
The U.S. Economic Espionage Act of 1996, which became effective on January 1, 1997, makes theft or misappropriation of trade secrets a federal crime.
?Trade Secrets are now Protected by Federal Law.
Protection of trade secrets The Defend Trade Secrets Act of 2016 (DTSA) amended the Economic Espionage Act to establish a private civil cause of action for the misappropriation of a trade secret.
The EEA gives the U.S. Attorney General sweeping powers to prosecute any person or company involved in trade secret misappropriation and punishes intentional stealing, copying or receiving of trade secrets. Penalties for violations are severe: Individuals may be fined up to $500,000 and corporations up to $5 million.
Like most states, California has adopted the Uniform Trade Secrets Act (UTSA). The law allows owners of trade secrets to pursue legal action and recover damages for unauthorized disclosure, misappropriation, and theft of trade secrets.
Historically, trademarks and patents are protected under federal statutes, the Lanham Act and Patent Act, respectively, while trade secrets are usually protected under state laws, and most states have enacted the Uniform Trade Secrets Act (UTSA), except for Massachusetts, New York, and North Carolina.
Under the Defend Trade Secrets Act, an owner of a misappropriated trade secret may bring a civil action against the alleged thief if the trade secret is related to a product or service used in (or intended for use in) interstate or foreign commerce.
Trade Secret (Australian company) TypeSubsidiaryIndustryRetailFounded1992Defunct2017FateAll stores converted to the T.K. Maxx banner6 more rows
