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ReelLawyers features the top Trade Secret Protection Attorneys in Minneapolis and the Twin Cities area. Select from our featured lawyers to the right and watch them answer common Trade Secret Protection questions.
What is Trade Secret Protection?
Here at ReelLawyers we’ve interview some of the best Trade Secret Protection Attorneys in Minneapolis and the surrounding Twin Cities area.
Trade Secret Protection
What is a trade secret? That’s a good question and a tough question sometimes. A trade secret at the basic level is something that is business information that is confidential, unique in some way, and of value in not being generally known. A lot of times it tends to deal with the process, a compilation, a formula but that is about it for the definition and that’s the definition that is actually provided by the law. In Minnesota it’s called the Uniform Trade Secret Act and the vast majority of states around the country have the same statute with het same definition. So that’s the definition and really when it comes down to a particular dispute or a particular lawsuit the decision about the determination about whether a particular piece of information or category of information can qualify for a legal protection as a trade secret is a very fact specific determination.
Information About Trade Secrets
The Uniform Trade Secrets Act (“UTSA”) defines a trade secret as:
- information, including a formula, pattern, compilation, program, device, method, technique, or process,
- that derives independent economic value, actual or potential, from not being generally known to or readily ascertainable through appropriate means by other persons who might obtain economic value from its disclosure or use; and
- is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
Social Media and Trade Secrets
There is no question that social media privacy issues now permeate the workplace. In an attempt to provide further guidance and regulation in this area a growing number of state legislatures in the United States have passed various forms of social media privacy legislation. In fact, nearly all state legislatures, as well as the United States Congress, have considered or are considering some kind of social media privacy legislation.
How Do I Find the Best Trade Secret Protection Attorneys In Minneapolis?
ReelLawyers posts thousands of videos offering advice on issues like trade secret security, social media’s impact on trade secret protection, and creating a company culture that values protecting trade secrets.