MGT 464 Chapter Notes - Chapter 15: Trade Secret, Qualified Privilege, Disclose
Document Summary
If the former employee"s conduct violates a valid noncompete agreement, you may choose to remind the individual about the terms of the agreement. You can seek a court order (injunction) to put a legal stop to the unfair activities. Preliminary injunction - order that prohibits the former employee from unfairly competing with you while the case is pending. Trade secret - information that gives you a competitive advantage because it isn"t generally known and can"t be readily learned by other people who could benefit from it. Judge may order the employee not to use trade secret even if the employee didn"t sign a secrecy agreement. Must show that what the employee took truly meets the definition. If you follow some basic legal guidelines, you can disclose significant information about the former employee without risking a lawsuit. Stick to the facts and act in good faith.
