Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Trade Secrets Management In Taiwan
A company's ability to innovate, exploit, and maintain proprietary trade secrets impacts internal operations and growth, as well as, more crucially, its ability to compete in the marketplace. Recognizing the value of trade secrets, many countries have successively enacted and amended laws to strengthen the protection of corporate trade secrets. In the case of Taiwan, its Trade Secrets Act became effective in 1996 (see, Trade Secrets Act (Taiwan) (promulgated and effective on Jan. 17, 1996, last amended on Jan. 15, 2020)) and was largely modeled after the U.S. Uniform Trade Secrets Act (see, UNIF. TRADE SECRETS ACT (last amended 1985), 14 U.L.A. 1 (2021). As such, it only provided civil liability for trade secrets misappropriation. Compare Taiwan Trade Secrets Act (last amended 2020), with Uniform Trade Secrets Act (last amended 1985) (both incorporating using similar definitions for actionable trade secrets misappropriation, including for "trade secret" and "improper means).
Taiwan later revised the Taiwan Trade Secrets Act in 2013 to criminalize trade secrets theft, which Taiwanese companies recognized as a significant milestone in deterring such theft. Thus, Taiwan's passage of both civil and criminal trade secrets liability created greater awareness and recognition of trade secrets as valuable corporate assets. But Taiwanese companies needed guidance on how to maintain and manage this new type of intellectual property asset as, under Taiwan law (like that in the U.S.), corporations that own trade secrets bear the burden of maintaining their secrecy. Trade secrets management is still an unfamiliar area for many companies across Asia.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Transfer Tax Implications on Real Property Leases
The real property transfer tax does not apply to all leases, and understanding the tax rules of the applicable jurisdiction can allow parties to plan ahead to avoid unnecessary tax liability.