This is the tenth in a series of posts calling attention to topics we cover in the Citizen Media Legal Guide. In this post, we highlight the section on trade secrets, which describes the limitations imposed on publishers who rely on or publish certain confidential business information and offers practical advice to citizen media creators on how to avoid liability for publishing trade secrets.
A trade secret is a form of intellectual property
that applies to business secrets. If a company or other organization
creates or compiles information that gives it an economic advantage
over its competitors, it can protect that information as a trade secret
-- in a sense becoming the "owner" of the trade secret. To do so,
however, a business must take reasonable precautions to keep the
information secret, and it loses its property right when competitors or
the public at large uncover the secret. Trade secrets law is governed
by state law. However, most U.S. states have adopted their own slightly modified version of the Uniform Trade Secret Act (UTSA), so there is a good deal of uniformity among state laws on the subject. For state-specific information, please see the State Law: Trade Secrets section of this guide.
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