Corporate Law


FH2 Alert – New Federal Trade Secret Law Requires Changes to Your Form Agreements

On May 11, 2016, President Obama signed the Defend Trade Secrets Act of 2016 (the “DTSA”) into law. The DTSA—which went into effect immediately after being signed—creates a new right for trade secret owners to sue under federal law when their trade secrets are misappropriated. But the DTSA also requires an employer to notify its employees (including contractors and consultants) of immunity for certain permitted disclosures of a trade secret in any contract or agreement with the employee that governs the use of trade secrets or other confidential information.