What is a breach of trade secret?

A breach of trade secret is an unauthorized release or taking of a trade secret. Trade secrets are confidential business information that give companies a competitive advantage over their rivals. They typically have significant economic value, so companies take great measures to protect them. In California, a breach of trade secret happens if someone acquires a trade secret by fraud or unauthorized means. This could include theft, bribery, or misrepresentation. It would also include one who obtains a trade secret in violation of a duty of confidentiality or any other obligation of secrecy. Additionally, a breach of trade secret can occur if someone uses or discloses a trade secret without authorization. This could involve taking information to a competitor or publishing information on the internet. Even the act of copying a trade secret without authorization can be a breach of trade secret. A company can take legal action against someone who commits a breach of trade secret. This could include seeking an injunction to prevent a breach or obtaining damages for any economic losses that resulted from the breach. It is important for any company to take steps to protect their trade secrets and be aware of any unauthorized access or use.

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