• New Jersey Employer’s Benefits Under Newly Enacted Trade Secrets Act
  • February 7, 2012 | Authors: Emily J. Bordens; Michael T. Hensley; Dennis Kadian; Andrée Peart Laney; Jed L. Marcus; Tracey Salmon-Smith
  • Law Firms: Bressler, Amery & Ross A Professional Corporation - New York Office ; Bressler, Amery & Ross A Professional Corporation - Florham Park Office ; Bressler, Amery & Ross A Professional Corporation - New York Office ; Bressler, Amery & Ross A Professional Corporation - Florham Park Office ; Bressler, Amery & Ross A Professional Corporation - New York Office ; Bressler, Amery & Ross A Professional Corporation - Florham Park Office
  • 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.