
Acquisition of Trade Secrets through Improper Means
Acquisition of trade secrets through improper means refers to obtaining confidential business information, like formulas or strategies, through unethical methods. This can include stealing, bribing employees, hacking into systems, or breaching a confidentiality agreement. Such acts are illegal and violate trade secret laws, designed to protect a company’s proprietary information from being misappropriated. If someone acquires a trade secret this way, the affected company can take legal action against the wrongdoer to seek damages or stop further use of the stolen information.