New ‘Defend Trade Secrets Act’ Requires Employers Seeking to Protect Their Trade Secrets to Update NDAs and Confidentiality Agreements

The Defend Trade Secrets Act (DTSA) signed by President Obama today creates a new federal cause of action for trade secret misappropriation and enables employers to obtain injunctive relief and monetary damages in federal court to prevent the misappropriation of their trade secrets and obtain compensation for financial harms stemming from trade secret misappropriation.  The law goes into effect immediately and imposes important obligations on employers seeking to

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