Arkansas Case Law Informs the Definition of "Trade Secret"
Case law informs the definition of “trade secret” which assists us as we prospectively counsel clients and litigate trade secret cases. In addition to the statutory definitions of “Trade Secret” that control what’s included there is, of course, also a growing body of case law that further sets the…
What is the Definition of "Trade Secret" Under Arkansas Law?
The Arkansas civil and criminal statutes referenced in our prior blog posts on the subject each have their own definition of what constitutes a trade secret. The applicable definitions are highlighted below. Civil. For purposes of applying the Arkansas Uniform Trade Secrets Act, the statute defines…
Is Your Nonprofit Considering Holding a Raffle? Think Twice.
Raffles can be a profitable and exciting fundraiser for nonprofits seeking to raise money for their cause. Raffles are considered games of chance, meaning participants pay money for a chance to win a prize. Games of chance can be considered lotteries and are heavily regulated in many states as a…
Has Arkansas Adopted the Model Uniform Trade Secrets Act?
February 13, 2024
by Devin R. Bates
Has Arkansas adopted the Model Uniform Trade Secrets Act? Yes, but with modifications. We refer to this as the Arkansas Uniform Trade Secrets Act (“AUTSA”) and it can be found at Ark. Code Ann. § 4-75-601, et seq. Some of the biggest differences between the AUTSA and the Model Uniform Trade Secrets…
Is Theft of Trade Secrets a Crime in Arkansas?
Is theft of trade secrets a crime in Arkansas? Yes. Under Arkansas Code Annotated Section 5-36-107, the Arkansas Penal Code establishes that theft of trade secrets is a Class A misdemeanor. The statute establishes that a person commits theft of a trade secret if, with intent to deprive the owner of…