The DTSA: Federalizing Trade Secrets, Federalizing Headaches?

⚡ Key Takeaways

• The DTSA established federal jurisdiction for trade secret misappropriation, offering a potentially more efficient venue than state courts. 𝕏
• Businesses must update employment agreements to include whistleblower immunity provisions to be eligible for double damages and attorney fees. 𝕏
• The Act prohibits injunctions based solely on the 'inevitable disclosure' doctrine, favoring employee mobility. 𝕏
• Companies need strong internal controls and pre-planned responses to protect trade secrets and react effectively to legal actions like ex parte seizures. 𝕏