• New Federal Trade Secret Law Requires Notice to Employees
  • December 21, 2016 | Author: Robert (Bob) C. Griffin
  • Law Firm: Crowley Fleck PLLP - Billings Office
  • The Federal Defend Trade Secrets Act of 2016 gives business owners a new weapon to combat misappropriation of trade secrets, but also requires businesses to give notice to their employees that they may not be held liable if they disclose trade secrets for the purpose of reporting a suspected violation of law. Unless business owners provide the proper notice, they may be foreclosed from seeking attorney fees or exemplary damages for misappropriation of trade secrets.