The Uniform Trade Secrets Act (12 Pa.C.S.A. §§ 5301-5308) protects businesses form misappropriation of trade secrets by allowing injunctive relief for actual or threatened disclosures or recovery of monetary damages. In the case of a willful and malicious misappropriation, punitive damages may be awarded.
Trade Secrets include information, including formula, drawing, pattern, compilation, including a customer list program, devise, method, technique or process that:
- Derives independent economic value from not being generally known to, and not being readily ascertainable by a lawful means by, other persons who can obtain economic value from its disclosure.
- Is the subject of efforts that are reasonable under the circumstance to maintain its secrecy.