Secrecy "fundamental" to trade secret. (Arkansas).(Brief Article)

The state supreme court has said a company did not go far enough to protect its trade secrets and so could not force an ex-employee to refrain from using this information at his new job. The court considered six factors to determine whether company information was a trade secret: 1) the extent to which the information was known outside the business; 2) the extent to which it was known by employees and others involved in the business; 3) the measures the company took to guard the secrecy of the information; 4) the value of the information to the company and competitors; 5) the amount of effort or money expended to develop the …