CHAPTER 625
UNIFORM TRADE SECRETS ACT

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Sec. 35-51. Definitions.
Sec. 35-53. Damages. Punitive damages for wilful and malicious misappropriation.

      Sec. 35-51. Definitions.

      Subsec. (d):

      Not all components of a secret business plan are necessarily trade secrets; plaintiff corporation's plan to use open chest surgery products to generate cash in a declining market was an element of plaintiff's future business strategy and defendant's disclosure of plan constituted misappropriation of trade secret; employee seeking to purchase a publicly traded corporation is not competing with the shareholder owners of trade secret and does not seek to deprive them of right to profit from their investments. 282 C. 209.


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      Sec. 35-53. Damages. Punitive damages for wilful and malicious misappropriation.

      Subsec. (b):

      Since defendant's attempted takeover of plaintiff employer was not intended to injure the shareholder owners of a trade secret and did not constitute a malicious violation of CUTSA, plaintiff was not entitled to punitive damages and attorneys fees. 282 C. 209.


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