When former Hewlett-Packard CEO Mark Hurd signed on to helm Oracle Corp. in early September, it didn’t take long for H-P to sue. Within days of Hurd’s appointment, Oracle found itself facing a lawsuit alleging the move violated a confidentiality agreement Hurd had signed with H-P.
The suit contends that Hurd can’t function as Oracle’s CEO without using trade secrets he learned when heading up H-P. The two companies compete for lucrative business in the information-systems sector.
Confidentiality agreements and covenants against disclosing trade secrets aren't just concerns for high-tech companies. Chances are, your organization has proprietary information and intellectual capital that it wants to keep away from competitors.
It makes sense to safeguard it, but it's important to do so the right way. Protecting your company's trade secrets is important for two reasons:
- You'll make it less likely that confidential information ...(register to read more)
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- Back up consistent discipline system with documentation, review of high-stakes cases
- Women: Holiday Inn manager expressed himself inappropriately
- Supreme Court: Check boss bias before disciplining
- Don't try to block employee's lawyer from talking with your staff