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Fla. Stat. § 688.004

Damages

Known as the Uniform Trade Secrets Act

The act spans §§ 688–688 (9 sections).

Applied in 3 court decisions — leading case Bateman

Most recently applied in Financial Information Technologies, LLC v. iControl Systems, USA, LLC (December 2021)

History.--s. 4, ch. 88-254.

(1) Except to the extent that a material and prejudicial change of position prior to acquiring knowledge or reason to know of misappropriation renders a monetary recovery inequitable, a complainant is entitled to recover damages for misappropriation. Damages can include both the actual loss caused by misappropriation and the unjust enrichment caused by misappropriation that is not taken into account in computing actual loss. In lieu of damages measured by any other methods, the damages caused by misappropriation may be measured by imposition of liability for a reasonable royalty for a misappropriator’s unauthorized disclosure or use of a trade secret.

(2) If willful and malicious misappropriation exists, the court may award exemplary damages in an amount not exceeding twice any award made under subsection (1).

Official source: Online Sunshine (Florida Legislature). Reproduced from public-domain Florida statutes; confirm against the official source for the current text. Not legal advice.