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)