Trade Secret Protection

Florida’s Uniform Trade Secrets Act (UTSA) provides remedies for a company whose employees (or former employees) misappropriate the company’s trade secrets.  A company might consider all or most of its information to be confidential and proprietary, but the information might not qualify for protection as “trade secret.”

Florida’s UTSA defines “trade secret” to mean:

“. . . information, including a formula, pattern, compilation, program, device, method, technique, or process that:

(a) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and

(b) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.