What are “Trade Secret” in Texas?
The Texas Uniform Trade Secrets Act states that:
“Trade secret” means 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
(B) is the subject of efforts that are reasonable under the circumstances to maintain its secrecy.
See Tex. Civ. Prac. & Rem. Code section 134A.002(6).
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The material above has been prepared by The Dietrich Law Firm for informational purposes only; it does not constitute legal advice, and reading it does not create an attorney-client relationship. The law changes, and articles reflect the law as of their publication date. No person should act or rely on any information here without seeking the advice of an attorney. If you believe you have a legal matter, statutes of limitations may limit the time you have to act — contact the firm or call 713-830-7687.
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