Protecting a business is a top priority for any business owner in Atlanta. It is a complicated task, to be sure, and it can involve anything from developing new products to truly understanding your customers. One way to secure these protections is to create contracts that bind employees and other parties to certain agreements.
For instance, if you have a unique product or approach to marketing that you want to keep secret and away from competitors, you can have workers sign confidentiality agreements. These will legally protect information considered to be a trade secret.
In a previous blog post, we discussed trade secrets: what they are, how to protect them and what to do in the event of a breach. That post can be read in full here.
One recent lawsuit can help illustrate each of these points. The case involves a brewery and two former employees.
According to reports, Summit Brewing has alleged that two former workers took and shared information considered trade secrets. The brewing company says that one employee fed marketing information, pricing details, growth strategies and management techniques to a former employee who was working at a competing brewing company.
The lawsuit argues that the information was confidential and improperly shared by both now-former employees. It was also noted that at least one of the men signed a confidentiality agreement prior to leaving Summit Brewing; leaking the protected information to the other brewing company would be considered a breach of that agreement.
The outcome of this case has yet to be determined. However, it is a good example of the elements of a lawsuit involving theft of trade secrets.
If you are in a similar situation as a business owner, or if you would like to avoid this type of situation before it ever arises, it can be critical that you consult an attorney familiar with intellectual property laws. With legal representation, business owners across Georgia can work to ensure they are taking the steps necessary to protect their company.