New York A08105 amends the general business law to create the Uniform Trade Secrets Act.

New York A08105 amends the general business law by adding a new article 17-B, known as the Uniform Trade Secrets Act. This act defines "trade secret" as any form of financial, business, scientific, technical, economic, or engineering information that derives economic value from not being generally known and is subject to reasonable efforts to maintain secrecy. The act outlines provisions for injunctive relief, damages, attorney's fees, preservation of secrecy, and a statute of limitations for actions related to misappropriation.

New York A08105 amends the general business law to create the Uniform Trade Secrets Act.

New York A08105 amends the general business law by adding a new article 17-B, known as the Uniform Trade Secrets Act. This act defines "trade secret" as any form of financial, business, scientific, technical, economic, or engineering information that derives economic value from not being generally known and is subject to reasonable efforts to maintain secrecy. The act outlines provisions for injunctive relief, damages, attorney's fees, preservation of secrecy, and a statute of limitations for actions related to misappropriation.