Yesterday, Governor Chris Christie signed into law the New Jersey Trade Secrets Act, A-921/S-2456 providing state law protection against trade secret misappropriation. Prior to enactment, New Jersey was one of only four states (including New York, Massachusetts and Texas) that had not adopted some form of the Uniform Trade Secrets Act.
We previously reported on this important New Jersey law development, which takes immediate effect. In sum, trade secrets can be used to protect a company’s know-how and other proprietary information. Companies should be guided by the NJTSA and ensure they have policies and practices in place to identify and safeguard such trade secrets. In addition, companies should continuously and actively monitor for evidence of possible trade secret misappropriation.