April 16, 2024
By:
Devin R. Bates
Category:
Business, Employment, Information Privacy, Security and Data Rights, Intellectual Property, Litigation
BusinessEmploymentInformation Privacy, Security and Data RightsIntellectual PropertyLitigation
Download PDF
What is the statute of limitations for a trade secrets claim? Three years. The Arkansas Uniform Trade Secrets Act explicitly provides that there is a three-year statute of limitations. The three-year time period begins to run when the misappropriation either is discovered, or, should have been discovered by the exercise of reasonable diligence.
A continuing misappropriation constitutes a single claim. Ark. Code Ann. § 4-75-603; Quality Optical of Jonesboro, Inc. v. Trusty Optical, LLC, 225 S.W.3d 369, 371 (Ark. 2006). This means that in some situations, the statute of limitations does not yet begin to tick because certain conduct is ongoing.
The Between the Lines blog is made available by Mitchell, Williams, Selig, Gates & Woodyard, P.L.L.C. and the law firm publisher. The blog site is for educational purposes only, as well as to give general information and a general understanding of the law. This blog is not intended to provide specific legal advice. Use of this blog site does not create an attorney client relationship between you and Mitchell Williams or the blog site publisher. The Between the Lines blog site should not be used as a substitute for legal advice from a licensed professional attorney in your state.