On May 11th President Obama signed the Defend Trade Secrets Act (“DTSA”). This significant new federal law will have important implications for our clients.
Gesmer Updegrove’s Lee Gesmer and Bill Hilton have prepared a Client Advisory that provides an introduction to the law, and focuses on the new requirement that certain employee agreements inform employees of immunity for trade secret disclosures that occur in the context of whistleblower suits. We expect this aspect of the law to impact many of our clients. Most immediately, it creates a strong incentive for them to revise employment and independent contractor agreements entered into after May 11, 2016.
The Advisory is posted on our website and can be viewed here and as a downloadable PDF.
We hope you find this Client Advisory helpful and informative, and encourage you to contact Lee or Bill directly if you would like to discuss the DTSA in more detail.