Upon choosing to turn in a letter of resignation, companies in Florida and elsewhere may expect an employee to turn over any sensitive materials before accepting a position with a competitor. Should a person retain possession of proprietary information, a company may choose to take steps to protect its business interests. Raytheon has filed a lawsuit against a former employee, accusing the man of theft of trade secrets.
Many individuals in Florida and elsewhere may constantly be on the lookout for opportunities to advance their careers. In some cases, such a pursuit could prompt a need to seek work with a different employer, and if this company operates within a similar field, noncompete disputes may arise. A veterinary services firm in another state has reportedly accused two former employees of violating their noncompete agreements and stealing proprietary information upon leaving the company to work for a competitor.
The ideas and innovations that drive a company can play an integral role in its success. Many companies in Florida seek to protect such sensitive information at all costs, and if a company feels as though another party has gained access to valuable trade secrets unlawfully, it may wish to pursue restitution through litigation. Zest Labs has recently filed a lawsuit against Walmart, accusing the retail giant of stealing sensitive trade secrets.
Many individuals in Florida and elsewhere have reached a point in life where a change in employment is necessary. However, in some cases, a person's ability to obtain employment within a similar field may be restricted by the contract he or she signed with the current employer. Noncompete agreements can impact individuals within a variety of fields, and in some cases, a person might even be unaware of the presence of such an agreement.
For many individuals in Florida and elsewhere, there may come a point in life where a change of employment may be necessary. However, as the levels of competition in certain fields are continually on the rise, the process of leaving a company to work for a competitor might lead to conflict and disputes. Walmart is reportedly seeking to block a former tax executive from leaving to work for Amazon, claiming that the decision is in violation of her noncompete agreement.
Upon accepting an offer for employment, individuals in Florida and elsewhere may be asked to place their signatures on a variety documents before staring their new jobs. Regardless of the nature of the job they apply for, one of these documents could be a noncompete agreement that could prevent them from leaving to work for a competitor for a set period of time. Since these documents can be complex and subject to interpretation, gaining a clear understanding of the terms within prior to signing may be advisable.
Investment firms in Florida and elsewhere may provide services to a multitude of individuals on a daily basis. These companies generally place a great deal of importance on protecting the information of their clients, and they may choose to pursue legal recourse should they feel as though another party has misused proprietary information. Fidelity has filed a lawsuit against a former employee's investment firm after claiming that he stole valuable trade secrets upon leaving the company.
Many companies in Florida and elsewhere require employees to sign agreements that may prevent them from leaving to work for a competitor for a set period of time. However, these agreements might not be restricted to changes in employment alone, and those who retire from a business may become involved in noncompete disputes should they attempt to act as a consultant for another company. A man in another state has recently filed a lawsuit against his former employer after it allegedly began withholding his retirement benefits.
For businesses in Florida and across the nation, protecting proprietary information could prove essential to safeguarding the longevity of the company. Should another party attempt to obtain this information through unlawful methods, a company may wish to protect its business interests through litigation. A company in another state was recently awarded a $706 million judgment after another party used a computer program to steal trade secrets.
Upon hiring new employees, companies in Florida and elsewhere might seek to protect their business interests by requiring them to sign a noncompete agreement. Companies may use these agreements to prevent employees from obtaining employment with a competitor for a set period after resigning from their position. However, should a business close down, there could be some level of debate as to whether the agreement is enforceable, and noncompete disputes that take place under similar circumstances can be complex.