Theft of Trade Secrets

Theft of trade secrets refers to the unauthorized acquisition, use, or disclosure of confidential business information that gives a company a competitive advantage. This can include formulas, practices, designs, or customer lists. The law protects these secrets as long as the business takes reasonable steps to keep them confidential. If someone steals this information—through espionage, hacking, or betrayal—they can face legal consequences. Protecting trade secrets is crucial for businesses to maintain their unique edge in the market and to safeguard their investments in research and development.