TITLE

Economic Espionage

AUTHOR(S)
Shapiro, Barry R.
PUB. DATE
March 1998
SOURCE
Marketing Management;Spring98, Vol. 7 Issue 1, p56
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the U.S. marketing law called the Economic Espionage Act of 1996. The act enlists the power of the federal government to help protect a business's trade secrets from disgruntled former employees, unscrupulous competitors, or dishonest contractors, vendors, suppliers, consultants or business partners. The law also has important practical effect: It should make most businesses take appropriate steps to ensure that they minimize the likelihood of receiving stolen trade secrets to avoid being subjected to criminal charges under the act. The law is not intended to apply to individuals who seek to capitalize on the personal knowledge, skill or abilities they may have developed while working for a company. The act applies to conduct occurring in the U.S., by U.S. citizens or companies, or by foreigners. The act also applies to conduct occurring outside the U.S. under two conditions. The statute authorizes courts to impose severe penalties on anyone convicted of violating its provisions. There is another important section of the law that should be mentioned. It provides that goods used in or relating to the misappropriation of trade secrets are subject to forfeiture to the federal government.
ACCESSION #
679276

 

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