What is the Statute of Limitations for a Trade Secrets Claim?
April 16, 2024
by Devin R. Bates
What is the statute of limitations for a trade secrets claim? Three years. The Arkansas Uniform Trade Secrets Act explicitly provides that there is a three-year statute of limitations. The three-year time period begins to run when the misappropriation either is discovered, or, should have been…
Who Can be Held Accountable for Misappropriation of Trade Secrets?
April 9, 2024
by Devin R. Bates
Who can be held accountable for misappropriation of Trade Secrets? The Arkansas Uniform Trade Secrets Act answers this question, explaining that the following may be liable for trade secret misappropriation: Individuals. Corporations. Business trusts. Estates. Trusts. Partnerships. Associations…
What do you have to Show to Prove that Someone Misappropriated Trade Secrets?
April 2, 2024
by Devin R. Bates
What must you show to prove that someone misappropriated trade secrets? The Arkansas Uniform Trade Secrets Act provides that misappropriation of trade secrets can be shown in one or more of three ways: acquisition or physical retention, disclosure, or use. First, in order to make a claim for trade…
What Can a Court Do When Someone Violates the Secrecy of Trade Secrets?
March 26, 2024
by Devin R. Bates
When someone violates the secrecy of a company’s trade secrets, what can the company do about it? Writing a sternly worded cease and desist letter is often a good first step that we recommend to clients, however it must be done in a way that properly sets the table for court intervention, while not…
How to Protect Trade Secrets: Taking Reasonable Efforts to Maintain the Secrecy of Information
March 19, 2024
by Devin R. Bates
How do you protect trade secrets? You take reasonable efforts to maintain the secrecy of the information. As we have outlined in prior installments of this series, taking reasonable efforts to maintain secrecy is a key issue in answering questions such as whether customer/client lists are…