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How to Protect Business Assets When Essential Employees Leave

How to Protect Business Assets When Essential Employees Leave

by | Jun 13, 2019

When essential employees leave your business for one reason or another, it can be difficult to adapt in many ways. Arguably the most important way is to protect your assets properly. Intellectual property such as patents, copyrights, trademarks and the like must be safeguarded or your business is exposed to huge amounts of risk. Gone are the days of businesses worrying about employees leaving with high-value material objects.

Rampant throughout every state in the country is the theft of electronic information, whether a business is part of a technology-centric industry or not. The truth is that it is simply too easy to steal electronic information with the technology available today. So how do you protect your business? You implement a strong defense consisting of non-compete agreements and additional protective measures. For help with securing your business in this manner, you need the assistance of Miami business litigation attorneys today. Has your business had trouble with protecting its business assets? Contact a Miami business litigation attorney from the Campbell Law Group today.

Non-Compete Agreements

These agreements are the first and most important measure your business should take to protect its assets from the hands of former employees. Non-compete agreements prevent these employees from tampering with your business interests in either an indirect or direct manner. When implemented these agreements prevent the use of stolen information and even its theft in the first place. Employees who sign non-competes agree to:

● Not encourage other employees to leave the former employer for the new employer

● Return of all property belonging to the business

● Not use information about the former employer while working with the new employer

● Not provide the same services in the same geographical location

Advantages & Disadvantages of Non-Competes

The advantages of non-competes for the employer have already been outlined, but it’s important to note that they benefit employees as well. As an employer, it is your job to ensure that employees understand how non-competes benefit them. That said, once employees do understand, they are less likely to try to circumvent the clause itself. Regarding the disadvantages of non-competes, the primary example is that they are simply illegal in some states. In these cases non-competes are viewed from the perspective of the employee who is unable to pursue a profession or trade with their full efforts.

Also Read:

  • Common Types of Litigation in Business
  • Miami’s Business Atmosphere Attracts Venture Capitalists
  • What Can a Miami Business Lawyer Do For A Small Business?

Additional Protective Measures

Digital information is protected by most businesses by establishing and implementing strategies specific to their interests. Two additional protective measures often included within these strategies are listed below.

Technology Usage: This measure details the usage of email, computer equipment and texting and/or instant messaging performed on cellular devices provided by the business itself.

Virtual Private Networks: These networks make sure that employees follow all company policies regarding protecting confidential information from theft, as well as policies regarding computer equipment.

Get the Help of Miami Business Litigation Attorneys Today

Though your business may be well-protected from the misuse of data by former and parting employees, it’s important to ensure you leave no stone unturned. Unfortunately employees sometimes interpret the contracts and policies of their former employers as violating their essential legal rights or as being simply too stringent. Contact the Campbell Law Group Today.

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