There is presently no single body of law governing the circumstances under which trade secrets are legally protectable. The Criminal Code does not recognize theft of a trade secret as an offence. A person must therefore rely upon the law of contract or, in a case where there is no contract, equity. There are major problems with the current causes of action as far as they apply to protection of trade secrets. This report recommends two major propositions. First, the legal protection of trade secrets is a desirable objective for the law to pursue. There are sound moral, economic, and practical reasons for this objective. This protection requires careful delineation so as to uphold the public interest in the free flow of information, mobility of labour, and the public’s “right to know” notwithstanding a claim to legal enforcement of secrecy. Second, implementation of this policy objective should be effected in two ways. If contracting parties wish to make their own arrangements as to the confidentiality of trade secrets, that privilege should remain open to them under contract law. Disputes arising under such agreements should continue to be governed by the general law of contract. This report tentatively recommends the creation of a new statutory tort, which would give a cause of action against the misappropriation of trade secrets in a non-contract case. The report contains draft legislation and statutory alternatives that are provided with respect to several key matters.