By: Michael C. Schmidt

Tough times require businesses to strengthen their resolve to avoid the legal tsunami that can also result from the economy-driven decisions that are made. This article sets forth best practices for ensuring that your company minimizes its potential exposure in 5 primary areas.

1. The Trade Secret And Unfair Competition Dilemma

An economic downturn increases the likelihood that senior-level employees will leave your company either involuntarily or voluntarily. Among the critical issues involved with such departures is the fear that a former employee might disclose your company's trade secrets to the outside world or unfairly compete. Businesses must, therefore, consider whether to seek the enforcement of non-compete and non-disclosure agreements, or, alternatively, whether to request that employees who remain with the company sign such agreements.

To continue reading this interesting article from Mondaq.com click here.