Despite what they may say about litigation, companies do not want to be dragged kicking and screaming to into lawsuits; especially when they believe that the suit is an organized form of bullying or exploitation. Nevertheless, in today’s business climate, this tends to happen; and if it happens to your business, it is helpful to be prepared for the process.
The stock market took a beating last week. It appears that fears of a burgeoning economy may lead to interest rate hikes. This effectively led to the Dow Jones Industrial Average losing a considerable amount of points this week. This week’s losses mark a third consecutive week where value has been lost. It appears that the gains realized from the beginning of the year have been wiped out.
If you are starting a company or are considering hiring employees for your burgeoning enterprise, maintaining secrets and inspiring innovation are important. However, in today’s marketplace, employees come and employees go. In this environment, companies must protect their trade secrets and products that they produce from being poached by disgruntled employees. One way to do this is to have new employees sign agreements acknowledging ownership of proprietary information and ownership of intellectual property while in the employ of the company.