What are the laws concerning the protection of trade secrets and confidential information?
In Idaho, computer law includes specific laws regarding the protection of trade secrets and confidential information. In general, computer law is meant to protect intellectual property (IP) owners. Companies may protect confidential information, such as customer lists, formulas, manufacturing processes, or other information, through trade secret protection. In Idaho, trade secret protection is provided by the Idaho Trade Secrets Act. This law states that a trade secret is any confidential information that is not known nor readily ascertainable, and is used to either own or obtain an economic benefit of another. Examples of trade secrets may include formulas, manufacturing methods, or methods of operation. The Idaho Trade Secrets Act states that any improper disclosure of trade secrets is prohibited. This includes unauthorized disclosure of the trade secret to another party, or the use of the trade secret for any purpose other than what it was intended for. Those who are found guilty of disclosing or using another person’s trade secrets without permission can be held liable for any possible damages that are a result. Lastly, the Idaho Trade Secrets Act states that the owner of the trade secret or confidential information must take reasonable measures to protect it. These measures can include limiting access to the information, marking confidential documents, or requiring non-disclosure agreements. Taking such measures helps to ensure that the owner is able to protect the information and that his or her rights are not violated.
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