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:
“Truly man is a marvelously vain, diverse, and undulating object. It is hard to found any constant and uniform judgment on him.”
—Michel de Montaigne (1533–1592)
“It passes, and we stay:
A quality of loss
Affecting our content,
As trade had suddenly encroached
Upon a sacrament.”
—Emily Dickinson (1830–1886)
“You know there are no secrets in America. It’s quite different in England, where people think of a secret as a shared relation between two people.”
—W.H. (Wystan Hugh)
“When private men shall act with original views, the lustre will be transferred from the actions of kings to those of gentlemen.”
—Ralph Waldo Emerson (1803–1882)