What is the Definition of "Trade Secret" Under Arkansas Law?
The Arkansas civil and criminal statutes referenced in our prior blog posts on the subject each have their own definition of what constitutes a trade secret. The applicable definitions are highlighted below. Civil. For purposes of applying the Arkansas Uniform Trade Secrets Act, the statute defines…
Has Arkansas Adopted the Model Uniform Trade Secrets Act?
February 13, 2024
by Devin R. Bates
Has Arkansas adopted the Model Uniform Trade Secrets Act? Yes, but with modifications. We refer to this as the Arkansas Uniform Trade Secrets Act (“AUTSA”) and it can be found at Ark. Code Ann. § 4-75-601, et seq. Some of the biggest differences between the AUTSA and the Model Uniform Trade Secrets…
Is Theft of Trade Secrets a Crime in Arkansas?
Is theft of trade secrets a crime in Arkansas? Yes. Under Arkansas Code Annotated Section 5-36-107, the Arkansas Penal Code establishes that theft of trade secrets is a Class A misdemeanor. The statute establishes that a person commits theft of a trade secret if, with intent to deprive the owner of…
What Laws Protect Trade Secrets in Arkansas?
Businesses are built through hard work and significant investment. One of the most significant investments, and thus greatest assets to a business, is the investment of time and resources in its people. Protecting that investment is often crucial to the brand and to the future of a business. When…
Legal Options When Bank Employees Take Confidential Data from Bank Systems
Despite bank policies, training, computer warning banners, governing laws and banking regulations, bank employees still take bank or customer data as their employment ends. They take potential or current customer lists, transactional data and supporting customer files, procedural manuals, or other…