How state’s new trade-secret law protects Texas businesses — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

How state’s new trade-secret law protects Texas businesses

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in Employment Law,Human Resources

by Tiffany Cox, Esq., Ogletree Deakins, San Antonio

The Texas Uniform Trade Secrets Act (TUTSA) took effect on Sept. 1. Trade secrets have long received protection under Texas common law. However, TUTSA gives companies additional safeguards and expands the legal remedies to address harm when a former employee misappropriates trade secrets.

The Texas statute is based on the Uniform Trade Secrets Act (UTSA), model legislation adopted in some form by 47 other states. For Texas-based companies with multistate operations, TUTSA alleviates much of the uncertainty over protecting trade secrets under other states’ laws.

Definition of trade secrets

TUTSA defines trade secrets as information (including a formula, pattern, compilation, program, device, method, technique, process, financial data or list of actual or potential customers or suppliers) that: “(A) derives independent economic value, actual or potential, from not being gener...(register to read more)

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