Contact Us Today 813-489-1001

Tampa Business Litigation Blog

Protections for trade secrets do not always prevent disputes

Posted by William J. Cook | Dec 09, 2019 | 0 Comments

Running a company is a difficult endeavor. Not only do Florida business owners need to ensure that their companies operate correctly, but they also need to find ways to set their businesses apart from the competition. Many companies do this through the use of trade secrets, which are important to protect.

In some cases, trade secrets cannot obtain protections, like patents, to help keep them out of the hands of other companies. Still, it is important to take steps to protect those secrets as best as possible. This information often has economic value, and if they fall into the hands of the competition, a company may suffer losses as a result.

Many people believe that the best way to keep a secret is to not tell anyone else. However, when it comes to using trade secrets in a business, it is often necessary to tell employees and others who will need to use those secrets to conduct business-related tasks. Fortunately, employers can implement agreements to better ensure that those secrets remain within the walls of the company by using nondisclosure agreements and confidentiality policies.

Of course, even with agreements and contracts pertaining to confidentiality in place, some employees could violate those agreements. As a result, trade secrets could end up being misappropriated, and a Florida company may need to take action to remedy the situation. If so, it is wise to consult with experienced business law attorneys to better understand what options are available for doing so. In some cases, businesses may be able to receive compensation for damages resulting from contract violations pertaining to proprietary information.

About the Author

William J. Cook

William J. Cook represents clients in matters involving business litigation and commercial and employment disputes, securities litigation, insurance, personal injury. Mr. Cook's peers have awarded him with the highest possible rating of AV-Preeminent* by Martindale-Hubbell, which speak...


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Could Your Dispute Be Mediated?

Chris A. Barker is certified by the Florida Supreme Court as a circuit-civil mediator. He can bring parties together using mediation to obtain out-of-court resolutions which help litigants resolve their legal disputes in a cost-effective and efficient manner.

Based in Tampa, Mr. Barker conducts mediations throughout Florida and can conduct mediation conferences via Zoom for the convenience of all parties. Contact our office today!