On May 11, 2016, President Obama signed into law the first federal trade secret law, the “Defend Trade Secrets Act of 2016” (DTSA), which is similar to the Uniform Trade Secret Act that many states have adopted, but also broadens available venue and remedies to protect trade secrets. (See “The New Federal Trade Secret Act and What It Means to Your Business,” published by NAMWOLF).
With this expansion, now is a good time to reassess what you can do to protect your company’s trade secrets. Implementing the following best practices will help to safeguard against trade secret misappropriation, as well as ensure you have the most available remedies available in the unfortunate event of misappropriation.
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