Today President Obama signed into law the Defend Trade Secrets Act (DTSA), which is one of the most noteworthy expansions of federal intellectual property law since at least the American Invents Act (AIA) in 2011 and perhaps since the Lanham Act of 1946. Trade secrets can be among a company’s most important intellectual property assets, and for good reason—trade secret law enables a company to maintain their proprietary and valuable information shielded from the public eye in a manner that often forms the basis of a company’s competitive advantage.
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