When any valued employee leaves, the company experiences a loss. The loss is greater, however, when the former employee departs to work for a competitor and begins using the company’s confidential information or trade secrets. In such a scenario, the company may have legal claims against the former employee—and maybe even the competitor—for trade secret misappropriation.
HR has a key role to play in protecting a company’s proprietary information. Here’s how to do it.
Get it in writing
Make sure every employee signs a valid and enforceable employment agreement.
Most companies with trade secret information require employees to sign an employment agreement as a condition of employment. These agreements often contain nonsolicitation and noncompete clauses. Those agreements must be enforceable and in line with state law.
Work with your legal team to ensure that all employees with access to trade secrets have execu...(register to read more)