Trade Secret Law

Trade Secrets
Trade Secrets fall into the category of law know as Intellectual Properties, which includes areas such as patents, copyrights, and trademark law. Intellectual Property rights can be traced back to the early pioneers founding our nation, Article 1, Section 8, Clause 8 of the US Constitution states that Congress shall have the power “to promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries." This cultivation of exploration and invention for personal gain, ultimately lead to capitalism. Trade secrets cases date as far back as sixteenth century England with the first case in the United States taking place in Massachusetts in 1868 (Silver 1).
Trade secrets can be defined as; a secret formula, pattern, process, program, device, method, technique, or compilation of information that is used in its owners business and affords that owner a competitive ...