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Federal Trade Secrets Act (USA)

The Federal Trade Secrets Act (FTSA) is a U.S. law that protects confidential business information, known as trade secrets, from theft or unauthorized use. Trade secrets can include formulas, processes, customer lists, or marketing strategies that give a company a competitive edge. Under the FTSA, businesses can pursue legal action against individuals or entities that misappropriate their trade secrets. This law aims to encourage innovation and protect the economic interests of businesses by ensuring that sensitive information remains private and secure from competitors.