Frisco Employment Lawyer: Protecting the Interests of Business with Non-Disclosure Agreements
The release of trade secrets can irreparably damage a company. Once a secret is revealed, it is no longer valuable to you. We urge you to consider whether you are fully protected by your company’s non-disclosure agreements.
When your business operations require protection, let the Frisco employment lawyers at Albin Oldner Law, PLLC work with you to draft solid confidentiality agreements and, when necessary, hold workers accountable for violations. This includes enforcing the company’s rights under the Texas Uniform Trade Secrets Act.
Protecting Business Secrets
Workers in key positions are often privy to confidential information. Non-disclosure agreements – also called confidentiality agreements – prohibit employees from sharing confidential, proprietary information about the company with a new employer. A non-disclosure agreement could also be mutual, such as between an independent contractor and a client when both parties exchange proprietary data in order to conduct business.
Our Plano employment attorney prepares contractual clauses that preserve your company’s secrets, such as:
- Unique processes, methods, techniques, formulae, recipes and operations
- Intellectual property, including patent and copyright information
- Research and development
- Projects in the pipeline
- Customer and vendor lists and contact information
- Price lists and expense sheets
- Financial matters, including investments and stock portfolios
- Accounting, including accounts receivables and balance sheets
- Sales and marketing strategies
- Technology, such as computer programs and hardware
- Internal communications
In addition to drafting an effective non-disclosure contract, we can also review your current systems and policies to identify and correct security gaps that could expose your business to harmful disclosure. By incorporating fundamental risk management methods from the beginning, you can avoid costly, time-consuming litigation and the possibility of irreparable damage arising from unintended data disclosure.
Trade Secret Litigation
If your competitor or the general public gains access to classified business information, your business may suffer substantial damage, especially if your business is built around trade secrets. Tech companies, restaurants, manufacturing, stock trading, pharmaceutical sales and other industries rely on keeping data in-house in order to remain competitive. In some businesses, such as law and medicine, your company may be held liable for release of confidential information about your clients or patients.
Although you cannot restore the secret status of information after its release, you can mitigate damages and recover the losses caused by disclosure with trade secret litigation and the protections afforded by the Texas Uniform Trade Secrets Act. Our lawyers take immediate action that might include:
- Sending a cease and desist letter to the employee or contractor who wrongfully disclosed the information
- Obtaining an injunction from the court forbidding the worker from further disclosure of confidential information
- Seeking an injunction against your competitor so they cannot act on proprietary information
- Filing a lawsuit to recover monetary damages resulting from the unlawful disclosure
Protect Your Business with Solid Non-Disclosure Agreements and Strategic Risk Management Policies
Consult with Albin Oldner Law, PLLC about drafting an effective non-disclosure agreement for your North Texas business.