Assemblyman Upendra Chivukula’s “Trade Secrets Act” was passed unanimously by the General Assembly during Monday’s voting session. Under A-921/S-2456, a company or organization would be able to sue for damages or losses that result from someone taking proprietary information (a recipe, chemical formula, invention, intellectual property, etc.) and trying to profit from it by selling it or manufacturing it. If I take a secret recipe for a food item, sell it and make money from it, for instance, I would have to pay royalties to the company or person from whom I stole it. A-921/S-2456 has now passed both houses and has the support of NJCJI.
On the agenda for Thursday’s Assembly Regulated Professions Committee hearing is A-3929, which would require civil actions against certain licensed professionals (including most doctors) to be brought within two years instead of six. This is especially important as witnesses become unavailable and records are destroyed over the extended period. NJCJI supports this bill and looks forward to the committee’s favorable passage. It is sponsored by Assemblyman Vincent Prieto (D-Hudson).
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