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:
“Ive always been impressed by the different paths babies take in their physical development on the way to walking. Its rare to see a behavior that starts out with such wide natural variation, yet becomes so uniform after only a few months.”
—Lawrence Kutner (20th century)
“Experience has shown that the trade of the East is the key to national wealth and influence.”
—Chester A. Arthur (18291886)
“My eyes are blinking, Dathi said,
With the secrets of God half blind,
But I can see where the wind goes
And follow the way of the wind;
And blessedness goes where the wind goes....”
—William Butler Yeats (18651939)
“Giving words [is] an act of lovers.”
—François Rabelais (14941553)