§ 40-24-101 — Definitions

Wyoming § 40-24-101

• Jurisdiction: Wyoming
• Title 40: Trade and Commerce
• Ch. 24: UNIFORM TRADE SECRETS ACT

Text

(a) As used in this act, unless the context requires
otherwise:
(i) "Improper means" includes theft, bribery,
misrepresentation, breach or inducement of a breach of duty to
maintain secrecy or espionage through electronic or other means;
(ii) "Misappropriation" means:
(A) Acquisition of a trade secret of another by
a person who knows or has reason to know that the trade secret
was acquired by improper means; or
(B) Disclosure or use of a trade secret of
another without express or implied consent by a person who:
(I) Used improper means to acquire
knowledge of the trade secret;
(II) Before a material change of his
position, knew or had reason to know that it was a trade secret
and that knowledge of it had been acquired by accident or
mistake; or
(III) At the time of disclosure or use knew
or had reason to know that his knowledge of the trade secret
was:
(1) Derived from or through a person
who has utilized improper means to acquire it;
(2) Acquired under circumstances
giving rise to a duty to maintain its secrecy or limit its use;
or
(3) Derived from or through a person
who owed a duty to the person seeking relief to maintain its
secrecy or limit its use.
(iii) "Person" means a natural person, corporation,
business trust, estate, trust, partnership, association, joint
venture, government, governmental subdivision or agency or any
other legal or commercial entity;
(iv) "Trade secret" means information, including a
formula, pattern, compilation, program device, method, technique
or process that:
(A) Derives independent economic value, actual
or potential, from not being generally known to and not being
readily ascertainable by proper means by other persons who can
obtain economic value from its disclosure or use; and
(B) Is the subject of efforts that are
reasonable under the circumstances to maintain its secrecy.
(v) "This act" means W.S. 40-24-101 through