2023 Year-End Review: Key Trade Secret Developments - Trade Secrets
A trade secret is any information used in one's business that derives independent economic value from not being generally known.
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A trade secret is any information used in one's business that derives independent economic value from not being generally known.
Trade Secret law continues to evolve much as it did a century ago—that is, through the opinions of judges deciding individual cases on their facts. What follows is a selection of those decisions, along with other resources, which have come out during the past year.
Courts and litigants have long acknowledged that, to qualify as a "trade secret," information must have "independent economic value" derived from its secrecy.
Information must be "secret" or not generally known to have value as a trade secret, and value cannot be based upon general company revenue or sales price alone. As a result, owners of...
Addressing a district court decision finding no trade secret misappropriation, the US Court of Appeals for the Fourth Circuit agreed that the alleged trade secret holder had failed to...