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Roedel Parsons Blache Fontana Balhoff & McCollister, A Law Corporation

November 2019 Archives

Protecting Your Company's Secrets: The Louisiana Uniform Trade Secret Act

Everyone is familiar with the "legendary" tales of the Coca-Cola secret formula: only two corporate executives are privy to the formula,1 and the actual, written recipe is locked away in a chrome vault.2 While these tales may be somewhat exaggerated, the importance of protecting your company's trade secrets cannot be overstated. According to a recent survey, one in five companies has been the victim of trade secret theft, and only one-third of companies have action plans for responding to trade secret theft.3 Undergirding the protection of trade secrets in Louisiana is the Louisiana Uniform Trade Secret Act ("LUTSA").4 Under LUTSA, companies are equipped with various tools to protect their trade secrets,5 and to recover damages when its secrets are stolen or misappropriated.6


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