U.S. Uniform Trade Secrets Act

The U.S. Uniform Trade Secrets Act (UTSA) is a law designed to protect confidential business information that provides a competitive advantage. Trade secrets can include formulas, practices, customer lists, or any valuable information not publicly known. The act defines what constitutes a trade secret and establishes legal remedies for businesses if their secrets are misappropriated through improper means, such as theft or breach of confidentiality. Essentially, it helps businesses safeguard their unique information from being unfairly used by others. States can adopt this law, leading to consistent trade secret protection across the country.