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Federal Trade Secrets Act Signed into Law - Intellectual Property News

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Intellectual Property News


Posted on: May 13, 2016

On May 11, President Barack Obama signed the Defend Trade Secrets Act of 2016 (“DTSA”) into law, thereby creating, for the first time, a federal system of trade secrets law. Employers who utilize trade secret protection plans would be wise to seek legal review of their contracts and other employee documents, lest unrevised documents prevent recovery of significant awards now available to them under the DTSA’s imposition of federal civil liability on trade secret offenders.

Cristina Costa and Jonathan Polak from Taft Stettinius & Hollister provide further insight here.

This post was contributed by Derek Lavender, Taft Stettinius & Hollister LLP.

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