FTC Issues Final Rule Banning Noncompete Agreements
On Tuesday, April 23rd, the Federal Trade Commission voted to enact a final rule banning most non-compete agreements between employers and employees. Generally, non-compete agreements prohibit employees from engaging in business in direct competition with their former employer after leaving. The…
How Can I Defend Myself Against a Claim of Misappropriation of Trade Secrets?
April 23, 2024
by Devin R. Bates
How can you defend yourself if you are accused of misappropriation of trade secrets? This is a complex area of the law and there is no one-size-fits-all defense. Developing a strategy to successfully defend against a claim that you have allegedly violated trade secret laws involves careful inquiry…
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…