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Shhhh... it's a trade secret!

Short Title: 
What is a trade secret?

Trade secrets can differentiate and add value to a business without the expense and formality of applying for a patent. The Uniform Law Commission drafted the Uniform Trade Secrets Act ("UTSA") in 1979 (since amended and supplemented) in order to better protect trade secrets for U.S. companies operating in multiple states. The UTSA aimed to create the same standards and remedies across state boundaries regarding the misappropriation of trade secrets, rather than applying the patchwork of laws that various states had created.