Misappropriation of Trade Secrets

Misappropriation of trade secrets refers to the unauthorized use or disclosure of confidential business information that gives a company a competitive advantage. This could include formulas, customer lists, processes, or marketing strategies that are not publicly known. When someone obtains this information through improper means—like stealing, bribery, or breach of confidentiality—they are committing misappropriation. This legal concept aims to protect businesses from unfair competition and safeguard their innovations and strategies, ensuring they can maintain their edge in the market.