ADJUS-120 Lecture Notes - Lecture 17: Uniform Trade Secrets Act, Trade Secret, Equal Employment Opportunity Commission
Document Summary
Intangible personal property that includes trade secrets, patents, copyrights. Article 1 section 8- gives congress right to protect literary and artistic right of artists and authors. If courts invalidate a patent, info will be disclosed to competitors w/o owner. Only protects for a limited time (7-20 years), after expire become generic. Protected for life of the author plus 70 years. W/o copyright protection the publishing, entertainment, and computer software industries would be vulnerable to piracy, both by competitors and general public. Customers lists or contracts w/ suppliers and customers, secret formulas, processes, and production methods that are vital to the successful op. of the business. Protects for as long as it is kept secret. Uniform trade secrets act information including a formula, pattern, compilation, program ,device, method, technique, or process that derives independent economic value, is subject of efforts that are reasonable under the circumstances to maintain its secrecy. Employee wrongfully uses or discloses such secrets.