The Texas Uniform Trade Secrets Act (TUTSA) became effective on September 1, 2013. Texas was the 48th state to adopt a version of the model Uniform Trade Secrets Act.
Texas businesses should welcome the consistency offered by TUTSA, since it brings our law in line with that of most other states (the exceptions are New York and Massachusetts).
The statute defines “trade secret” as: “information, including a formula, pattern, compilation, program, device, method, technique, process, financial data, or list of actual or potential customers or suppliers, that:
(A) derives independent economic value, actual or potential, from not being generally known to, and not being readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and Read more » about Trade Secret Protection: New Law, Practical Issues