Asked by Yessie Musah on Jun 12, 2024
Verified
The Economic Espionage Act, as amended by the Defend Trade Secrets Act, applies to misappropriations of trade secrets even if the conduct occurs outside the United States.
Economic Espionage Act
A U.S. law that makes the theft or misappropriation of a trade secret a federal crime when intended to benefit a foreign government, foreign instrumentality, or foreign agent.
Trade Secrets
Confidential business information that provides an enterprise a competitive edge and is often not disclosed to the public.
Misappropriations
involves the wrongful, illegal, or unauthorized use of funds or assets for purposes other than those intended by the owner or rightful possessor.
- Explain the methods of safeguarding intellectual property rights globally, focusing on pertinent treaties and conventions.
Verified Answer
CE
Chloe EastridgeJun 17, 2024
Final Answer :
True
Explanation :
The Defend Trade Secrets Act (DTSA) amended the Economic Espionage Act to allow for an owner of a trade secret to sue in federal court when their trade secrets are misappropriated through improper means, including conduct outside of the United States, provided that the offender is a U.S. citizen or the misappropriation has a connection with activities in the U.S.
Learning Objectives
- Explain the methods of safeguarding intellectual property rights globally, focusing on pertinent treaties and conventions.