Jurisdiction: United States of America
Authors: Paul D. Ackerman, Gregory L. Porter, and Brian Wunder
Law firm: Andrews Kurth
President Obama has now signed into law the Defend Trade Secrets Act of 2016 (“the Act”), which was passed by Congress with overwhelming bipartisan support. Effective upon the President’s signature, and applicable to any misappropriation of trade secrets on or after the date of signing, the Act creates a new federal civil remedy for trade secret misappropriation. It adds another important tool for the protection of intellectual property rights, which are often the most important assets of a business.