Uniform Trade Secrets Act
The Uniform Trade Secrets Act (UTSA) is a model law in the United States that provides legal protection for trade secrets. A trade secret is any confidential business information that gives a company a competitive edge, such as formulas, practices, or processes. The UTSA helps businesses safeguard their trade secrets from misappropriation, which includes theft or unauthorized disclosure.
Adopted by many states, the UTSA establishes a legal framework for defining and protecting trade secrets. It allows businesses to seek remedies, such as injunctions and damages, if their trade secrets are unlawfully acquired or disclosed. This uniformity helps create consistency in trade secret law across different jurisdictions.