Uniform Trade Secrets Act

The Uniform Trade Secrets Act (U.T.S.A.), published by the Uniform Law Commission (ULC) 1979 and amended in 1985, was a uniform act promulgated in an effort to provide legal framework for improved trade secret protection for industry in all 50 states within the United States of America. The U.T.S.A. aimed to codify and harmonize standards and remedies regarding misappropriation of trade secrets that had emerged in common law on a state to state basis.

As of February 2012, framework of the U.T.S.A. was enacted by 46 states and the District of Columbia, and U.S. Virgin Islands. Massachusetts, New York, North Carolina and Texas had not adopted the U.T.S.A. In 2011, the U.T.S.A. was introduced in the state legislatures of Massachusetts (H.B. 23).

Read more about Uniform Trade Secrets Act:  Motivation, Overview, Adoption By U.S. States, Notable Decisions Involving The Uniform Trade Secrets Act, Uniform Trade Secrets Internationally

Famous quotes containing the words uniform, trade, secrets and/or act:

    The Federal Constitution has stood the test of more than a hundred years in supplying the powers that have been needed to make the Central Government as strong as it ought to be, and with this movement toward uniform legislation and agreements between the States I do not see why the Constitution may not serve our people always.
    William Howard Taft (1857–1930)

    Is there something in trade that dessicates and flattens out, that turns men into dried leaves at the age of forty? Certainly there is. It is not due to trade but to intensity of self- seeking, combined with narrowness of occupation.... Business has destroyed the very knowledge in us of all other natural forces except business.
    John Jay Chapman (1862–1933)

    Nor second He, that rode sublime
    Upon the seraph-wings of Ecstasy
    The secrets of the Abyss to spy:
    Thomas Gray (1716–1771)

    I have witnessed, and greatly enjoyed, the first act of everything which Wagner created, but the effect on me has always been so powerful that one act was quite sufficient; whenever I have witnessed two acts I have gone away physically exhausted; and whenever I have ventured an entire opera the result has been the next thing to suicide.
    Mark Twain [Samuel Langhorne Clemens] (1835–1910)