This was an important year for trade secret legislation. Back on May 11, the Defend Trade Secrets Act (DTSA) of 2016 was signed into law. The bill, which allows for federal jurisdiction in matters regarding trade secret theft, was passed unanimously in the Senate and ratified by the house 410-2.
Many considerations need to be made when starting or growing your business. Establishing and safeguarding your intellectual property (IP) is a vital component to any company's business plan, as it can help to avoid future infringement disputes and other conflicts.