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Misappropriation of Trade Secrets
Misappropriation of Trade Secrets occurs when a person wrongfully uses or discloses a trade secret in violation of an express or implied obligation.
The elements of misappropriation of trade secrets are:
- A valuable trade secret;
- Misappropriation of the trade secret through use, disclosure, or nondisclosure of use of the trade secret; and
- The misappropriation is wrongful because it was made in breach of an express or implied contract or by a party with a duty not to disclose.