Trade Secrets Act

The Trade Secrets Act protects confidential business information that gives a company a competitive edge, such as formulas, processes, or customer lists. It prevents unauthorized use or disclosure of this information by employees, competitors, or others who might obtain it illegally. Essentially, if a business keeps its valuable insights secret and takes steps to protect them, the Trade Secrets Act helps ensure those insights are not improperly shared or exploited, thereby safeguarding the company’s interests and innovations.