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Confidentiality and Trade Secrets

Confidentiality and Trade Secrets

The New Jersey Trade Secrets Act, New Jersey Statute Annotated

§ 56:15-1 et seq., defines a “trade secret” as information, held by one or more people, without regard to form, including a formula, pattern, business data compilation, program, device, method, technique, design, diagram, drawing, invention, plan, procedure, prototype or process, that:

(1) Derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and

(2) Is the subject of efforts that are reasonable under the circumstances to maintain its secrecy. New Jersey Statute Annotated § 56:15-2. The New Jersey Trade Secrets Act provides remedies for the owner of the trade secret when those trade secrets are misappropriated.

We are prepared to represent our clients in prosecution of, or in defense of, alleged misappropriation of trade secrets.