Trade Secrets and Laid Off Employees

As if businesses do not have enough to worry about with the economy, let me remind them of a perennial problem that may be getting worse with the economy. Don't let laid-off employees walk out the door with the company playbook - 03/23/09

"It's estimated that 70 percent of an average business' value is held within its information systems. It is vital to protect a company's trade secrets so that in the event an employee steals that information, employers are in the best possible position to succeed in litigation stemming from the theft," said Ron Brand, Fisher & Phillips LLP's Employee Defection and Trade Secrets Practice Group. "A proactive corporate program should be in place, as well as forensic steps to catch the employee."

So what steps can employers take to protect their trade secrets in these uncertain times? Taking physical security measures like locking cabinets and doors, implementing IT solutions such as password protection and keystroke software and taking legal steps like implementing confidentiality and non-compete agreements can help employers protect their trade secrets and confidential information.

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I am taking on new trade secrets cases and clients. Remember, if you want more information about retaining me for a case, please give me a call at 765-641-7906.