New Defend Trade Secrets Act: How it will protect you from Ruthless Competitors
Duration: 90 Minutes
This webinar will discuss the recently passed statute called the Defend Trade Secrets Act. Employers now have a national law that gives it powerful tools to ensure that your employees will not take trade secrets to your competitors. It has always been difficult for employers who operate in multiple jurisdictions to have an agreement that they can utilize across state lines.
Objectives of the Presentation
Why Should you Attend
- Why do we need a federal law to protect employer secrets?
- Brief history of the Defend Trade Secrets Act
- What does the Defend Trade Secrets Act provide?
- The Defend Trade Secrets Act's whistleblower immunity provision
- The Defend Trade Secret Act's notice requirements for existing agreements
- Strategies in trade secret litigation in light of the Defend Trade Secrets Act
- What should you be doing now?
Employers who operate in multiple states have long had to contend with differing state laws when it came to protecting their trade secrets. A company's trade secret is its greatest asset, and other companies often will lure your other greatest asset - your employees - to gain knowledge about how you do business and why your company is so successful. Trying to keep employees from taking knowledge you gave them to your competitors has traditionally been a daunting task. For the first time, however, we now have a federal law that makes this task much easier. On May 11, 2016, President Obama signed the Defend Trade Secrets Act (DTSA), which Congress passed on April 27, 2016. With President Obama's signature, the DTSA has now become the law of the land, and a federal civil remedy for trade secrets misappropriation now exists. How can you take advantage of this significant new law?
Who will Benefit
- Company owners
- Human Resource Managers