Trade Secrets — Misappropriation of a Trade Secret is the illegal use, acquisition, or disclosure of a trade secret without authorization. Trade secrets can include confidential information, formulas, processes, designs, proprietary software, or other types of information that have been developed or discovered by a business and have value because they are not generally known to the public. There are two types of Trade Secrets — Misappropriation of a Trade Secret: 1. Theft — This involves the unauthorized taking of a trade secret, either by physical or electronic means, from the business to which it belongs. 2. Espionage — This involves the unauthorized interception of confidential information, such as by hacking into a computer system or eavesdropping on conversations.
Trade Secrets — Misappropriation of a Trade Secret is the illegal use, acquisition, or disclosure of a trade secret without authorization. Trade secrets can include confidential information, formulas, processes, designs, proprietary software, or other types of information that have been developed or discovered by a business and have value because they are not generally known to the public. There are two types of Trade Secrets — Misappropriation of a Trade Secret: 1. Theft — This involves the unauthorized taking of a trade secret, either by physical or electronic means, from the business to which it belongs. 2. Espionage — This involves the unauthorized interception of confidential information, such as by hacking into a computer system or eavesdropping on conversations.
