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:
“Odors from decaying food wafting through the air when the door is opened, colorful mold growing between a wet gym uniform and the damp carpet underneath, and the complete supply of bath towels scattered throughout the bedroom can become wonderful opportunities to help your teenager learn once again that the art of living in a community requires compromise, negotiation, and consensus.”
—Barbara Coloroso (20th century)
“Whatever trade one is in, one will find some fault with it.”
—Chinese proverb.
“You will pardon some obscurities, for there are more secrets in my trade than in most men’s, and yet not voluntarily kept, but inseparable from its very nature. I would gladly tell all that I know about it, and never paint “No Admittance” on my gate.”
—Henry David Thoreau (1817–1862)
“The last act is bloody, however pleasant all the rest of the play is: a little earth is thrown at last upon our head, and that is the end forever.”
—Blaise Pascal (1623–1662)