What are the laws concerning the protection of trade secrets and confidential information?

In Indiana, the laws regarding the protection of trade secrets and confidential information are very strict. Trade secrets are defined as information that is not generally known and has economic value due to it not being readily ascertainable by proper means. Confidential information refers to information that is not publicly available and has been entrusted to an individual or organization. In order to protect trade secrets or confidential information in Indiana, the person or company who owns the information must take reasonable steps to protect it from unauthorized use, disclosure, or dissemination. This includes proper document storage, access control, and security practices. Indiana law also states that any person or organization that misappropriates trade secrets or confidential information can be subject to a variety of damages, including emergency and preliminary orders for protection, compensatory damages, punitive damages, and attorneys’ fees. In addition, Indiana law requires that a trade secret or confidential information be held in confidence by the owner of the information. The owner of the information must also take steps to ensure that the information is not improperly disclosed to any unauthorized persons or entities. If this information is not held in confidence, the owner may be subject to civil and criminal penalties.

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What are the laws concerning the protection of trade secrets and confidential information?

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