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Trade Secret Protection in USA

What is a trade secret? Well, in layman's terms, it is pretty much anything, that - is secret, the owner tries to keep it secret, and it provides the owner with economic benefit by reason of it being secret. A basic example is that of an email list. A business spends considerable marketing efforts in order to grow its email list. This is usually confidential information.   Now, if the list is stolen by a competitor, the business can sue the competitor in order to stop it from using the list or disclosing it or if it is already out in the open, then seek damages from the trade secret infringer. Related Reads: How to Grow Your Email List Fast Data Privacy Laws in India that Businesses Must Know of Impact of GDPR on Marketers in the European Union and Outside The trade secret law in USA is guided via two separate statutes – The Uniform Trade Secrets Act, 1979, as amended on 1985 and a federal statute called the Defend Trade Secrets Act, 2016.    Earlier the trade se

Choosing your Business Legal Structure in the US: An In-Depth Guide

Article written by Priyanshi Trivedi . Edited by Sugandha Nagariya .  A lot of people dream of creating a startup. But very few think of how they should structure their business. Well, since you are reading this article, you deserve a pat on the back, as you've done the first step. Leave the rest to us. By the end of this article, you will know all the types of business structures out there, the pre-requisites to selecting a business legal structure and the pros and cons of each of the structures out there. Being an entrepreneur and being an employee in a business is a totally different thing. As an entrepreneur there lies many responsibilities, from brainstorming the product you will sell to analysing the demand and supply in market.  Each of these plans have to be done and you also need to considering various risk factors if you want to make your business successful and also fulfilling the needs of your consumers. Thinking of an idea and implementing it to star

Is Arbitration Effective for U.S Business?

Article by Adhip Ray and  Rahul Sodhi , Edited by Adhip Ray and  Chinmay Jain . Arbitration is commonly preferred over normal litigation nowadays whether it is India or the United States since the process of arbitration is a very cost-effective and efficient alternative to litigation. What's Arbitration Arbitration is an alternative to a court proceeding as the proceedings of the arbitration are less formal and more flexible than a court proceeding and it can provide fast and effective awards or results in a shorter span of time at a low cost with greater certainty and with a higher degree of privacy to the parties. In the process of arbitrations, the parties submit the dispute to one or more impartial arbitrators who are asked to make a binding decision on the merits of the dispute. The parties can agree to the arbitration process before or after the dispute arises as they can choose the arbitration with the permission of the court in between the court proceeding if b