TRENTON – Legislation sponsored by Senator Nicholas P. Scutari (D-Union) to help protect the trade secrets of New Jersey businesses has been signed into law by Governor Chris Christie.
The New Jersey Trade Secrets Act (S-2456/A-921) establishes by law specific remedies available to businesses in the event that a trade secret – such as a formula, design, a prototype or invention – is misappropriated. The bill was based on legislation that exists in 46 states and the District of Columbia.
“The New Jersey Trade Secrets Act seeks to protect businesses operating in our state by creating severe legal consequences for individuals involved in the wrongful disclosure of confidential information,” said Senator Scutari. “Implementing this kind of safeguard for companies is critical to creating a climate in New Jersey in which businesses are able to prosper and grow.”