Trade Secrets

New Trade Secret Protection in Texas, Effective September 2013

imagesUntil recently, Texas has been one of four states that had not adopted the Uniform Trade Secrets Act (UTSA).  Now, because of recently signed legislation, that’s all about to change.  As of September 1, 2013, Trade Secret owners will have a new mechanism to protect their intellectual property thanks to Bill 953.

According to the Bill Analysis provided by the Senate Research Center, “[The new law] adopts a modified version of the UTSA, which provides consistent and predictable statutory language for trade secret protection, updates the definition of “trade secret” to reflect current business practices and technologies, and clarifies that certain business practices do not constitute misappropriation of trade secrets.  [The law] also provides easily applied standards for injunctive relief and offers and avenue for recovering attorney’s fees against willful and malicious misappropriators of trade secrets…”

The Civil Practice and Remedies Code will list the new law in the newly created Chapter 134A.

For the entire text of the Bill, chick here.

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