What is Not a Trade Secret Under Federal Law?
October 16, 2024
by Devin R. Bates
If the secrecy of certain confidential information is compromised, it may lose its status as a trade secret. Courts will not recognize information as a trade secret if it has become generally available, is commonly used within an industry, or has become outdated. While the facts and circumstances…
What is the Definition of a Trade Secret Under Federal Law?
October 9, 2024
by Devin R. Bates
Understanding the definition of a trade secret under federal law is crucial for businesses looking to protect their valuable information. Trade secrets are also defined by state law. While there is no single, universal definition of a trade secret across all states, most states have enacted a…
What Federal Laws Protect Trade Secrets?
October 2, 2024
by Devin R. Bates
In the world of business, safeguarding your company’s valuable information is crucial to maintaining a competitive edge. One of the most important assets a company can have is its trade secrets. But what exactly are trade secrets, and how do they differ from other types of confidential information…
ABA Addresses Lawyer Generative AI Use: Key Takeaways from ABA's Latest Ethics Opinion
August 5, 2024
by Devin R. Bates
The American Bar Association (“ABA”) recently issued Formal Opinion 512, providing essential guidance for lawyers and law firms using Generative AI (“GAI”) tools. As we have written about previously, when lawyers employ GAI tools we must do so with ethics at the forefront. As technology continues…
What Can You Get When You Sue for Trade Secret Violations?
June 4, 2024
by Devin R. Bates
Arkansas has adopted the Model Uniform Trade Secrets Act with some 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. The AUTSA provides that a party seeking to enforce trade secret claims can seek the…