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United States, Labour and Employment, Top 5 Potential Hazards With Economy-Driven Decisions

By: Michael C. Schmidt Tough times require businesses to strengthen their resolve to avoid the legal tsunami that can also result from the economy-driven decisions that are made. This article sets forth best practices for ensuring that your company minimizes its potential exposure in 5 primary areas. 1. The Trade Secret And Unfair Competition Dilemma An economic downturn increases the likelihood that senior-level employees will leave your company either involuntarily or voluntarily. Among the critical issues involved with such departures is the fear that a former employee might disclose your company's trade secrets to the outside world or unfairly compete. Businesses must, therefore, consider whether to seek the enforcement of non-compete and non-disclosure agreements, or, alternatively, whether to request that employees who remain with the company sign such agreements. To continue reading this interesting article from Mondaq.com click here.

Full post as published by The Trade Secrets Vault on January 27, 2009 (boomark / email).