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Desperate times can sometimes result in desperate measures. During an economic downturn, the pressure to generate revenue can be great. Economic espionage can result when employees are forced to come up with the next big idea or they have financial difficulties. Economic espionage is defined as the theft or misappropriation of trade secrets. It's just one type of criminal activity companies should be on the lookout for during the current recession. Here are the details of two cases, along with some lessons for all businesses.
Confidentiality agreements can make you feel confident that your company's trade secrets are really secure. But when you ask high-level employees to sign non-disclosure and similar agreements, you need to be sure that the contract is worded in a way that will hold up in court. Read the "Full Article" to see how confidentiality agreements protected one company.
They are based on fear -- fear that an employee might run off to a competitor and take along some highly specialized knowledge. And while that concern is legitimate, non-compete agreements must be phrased carefully and they cannot unreasonably restrict a former employee's activities. Here's a guide to what you can do to protect your company's interests.
