What is a trade secret misappropriation?

Trade secret misappropriation is a type of Intellectual Property Law that applies in North Carolina. A trade secret is any type of information that is not generally known, has value, and has been kept secret by the owner of the information. A misappropriation of a trade secret occurs when someone unlawfully obtains confidential information from the trade secret owner without their permission. This can happen in a number of ways. For example, a person might gain access to the trade secret through unauthorized use, theft, bribery, or espionage. The person could also use false or fraudulent means to gain access to the information. They could also breach a contract with the trade secret owner in order to gain the information. Trade secret misappropriation is a violation of North Carolina Intellectual Property Law. It is a form of unfair competition and can lead to serious criminal and civil penalties. The trade secret owner may be able to seek damages from the party that acquired the information in an effort to protect their confidential information. In addition, a court can issue an injunction to prevent the person from using the information or disclosing it to anyone else.

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What is a trade secret misappropriation?

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