Company terminating employees for breach of trade secrets: Beaware of lawsuits by Employees for such trade secrets liability. Interesting read on 10 tips for minimizing company liability for terminating employees who steal trade secrets
10 tips for minimizing company liability for terminating employees who steal trade secrets Carlton Fields Jorden Burt prev next USA July 28 2015 When your company uncovers evidence that an employee misappropriated trade secrets it must act swiftly. The company may want to fire the employee to protect itself from the potentially devastating consequences. But how can you minimize the risk that the employee may sue the company claiming he did not misappropriate trade secrets? These tips will minimize the risks posed by an employee’s claim: 1. Inventory your trade secrets and have clear policies. You should know what your trade secrets are and the protocols in-place to safe guard them. There should be policies about access to and use of trade secrets that are informed by the Uniform Trade Secrets Act and the Computer Fraud and Abuse Act. Your policies should be clear that the company owns the computing systems and data and that unauthorized us...