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Non-Compete Issues

Jan 11, 2012

New Jersey Enacts “Trade Secrets Act”

On January 9, 2012, New Jersey joined 46 other states and the District of Columbia by adopting a new law modeled on the Uniform Trade Secrets Act.  The Act extends statutory protection against the misappropriation of trade secrets.

Under the Act, “misappropriation” means either (1) the acquisition of a trade secret of another by a person who knows or has reason to know that the trade secret was acquired by improper means or (2) disclosure of a trade secret without the consent of the owner of the trade secret. » Read More