uniform trade secrets act
Uniform Trade Secrets Act. A 1979 model statute, now enacted by most states, defining trade secret differently from the common law by being at once broader (because there is no continuous-use requirement) and narrower (because information “readily ascertainable by proper means” cannot qualify). • The Act has three elements: (1) the information must qualify as a trade secret; (2) it must be misappropriated, either through wrongful means or by breaching a duty of confidentiality; and (3) the owner must have taken reasonable precautions to keep the information secret. — Also termed Uniform Trade Secrets Protection Act. — Abbr. UTSA.
