Uniform Trade Secrets Act
Iowa · Trade Secrets · §§ 550.1 to 550.8 · 8 sections
Overview
The act governs the protection of trade secrets and the consequences of their misappropriation, defining what information qualifies for protection and what conduct amounts to improper acquisition, disclosure, or use. It establishes civil remedies for owners — injunctive relief against actual or threatened misappropriation, damages, and attorney's fees in some circumstances — while also treating theft of a trade secret as a criminal offense, and it addresses the effect of posting or disseminating protected information on the Internet. It further supplies a rebuttable presumption that an owner took reasonable steps to keep the information secret, provides for preserving secrecy during proceedings, fixes a limitations period for claims, and sets out how it interacts with other law and remedies.
Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.
In the courts
Sections of this act have been cited in 11 court decisions.
Most-cited authority: 857 N.W.2d 186 - Shelby County Cookers, L.L.C., an Iowa Limited Liability Company v. Utility Consultants International, Inc., a Michigan Corporation
Sections covered
- Iowa Code § 550.1Short title
- Iowa Code § 550.2Definitions6 cites
- Iowa Code § 550.3Injunctive relief2 cites
- Iowa Code § 550.4Damages1 cite
- Iowa Code § 550.5Defense — consent of disclosure
- Iowa Code § 550.6Attorney fees1 cite
- Iowa Code § 550.7Preservation of secrecy
- Iowa Code § 550.8Statute of limitations1 cite
Enacted in other states
Alaska, California, Colorado, Connecticut, Delaware, Florida, Hawaii, Indiana, Kentucky, Louisiana, Maryland, Maine, Minnesota, Mississippi, Montana, North Dakota, New Hampshire, New Mexico, Nevada, Oklahoma, Oregon, Pennsylvania, Rhode Island, Tennessee, Texas, Virginia, West Virginia, Wyoming
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