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New Jersey Employer’s Benefits Under Newly Enacted Trade Secrets Act by Emily J. Bordens
Bressler, Amery & Ross A Professional Corporation - New York Office
Michael T. Hensley
Bressler, Amery & Ross A Professional Corporation - Florham Park Office
Dennis Kadian
Bressler, Amery & Ross A Professional Corporation - New York Office
Andrée Peart Laney
Bressler, Amery & Ross A Professional Corporation - Florham Park Office
Jed L. Marcus
Bressler, Amery & Ross A Professional Corporation - New York Office
Tracey Salmon-Smith
Bressler, Amery & Ross A Professional Corporation - Florham Park Office
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February 7, 2012
Previously published on February 2012
Employers with trade secrets to protect from pirating and/or disgruntled employees should take note of applicable provisions of the New Jersey Trade Secrets Act (“Act”), effective January 5, 2012, which includes remedies applicable to an employee’s misappropriation of the employer’s trade secrets. The Act is modeled on the Uniform Trade Secrets Act and essentially codifies existing New Jersey case law. The definition of “trade secret” is, in essence, information which has current or possible economic value based on its “not being generally known” and over which the owner has taken certain measures to ensure its secrecy. To benefit from the Act, the employer must be able to provide evidence of those measures.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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