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Company seeks damages over compromise of trade secrets

On Behalf of | Apr 8, 2022 | Business Law Litigation

A Florida business has the right to seek the full protection of its closely held assets, even intangible assets. Trade secrets are some of the most valuable property owned by a company, and any business is entitled to the pursuit of recovery in the event an employee misuses proprietary information. One business is seeking damages after a breach of an employment contract and misappropriation of trade secrets.

The pursuit of trade secret damages

The software company filed a claim after a former employee retained documents after leaving the company. A federal court is responsible for calculating the amount of damages owed to the company for losses and other types of damages. The plaintiff is a company that develops accounting software for the airline industry.

It is also possible the defendant will owe the company money for lost royalties after he providing trade secret information to a competing business. The claim originates over the accusation that the defendant kept information about the company’s software program on his personal computer. He provided this information to his new employer, an action that the plaintiff claims was a breach of his employment contract.

The defense of trade secrets

A breach of contract is a serious legal and financial complication for a business. When trade secrets are compromised, Florida companies have the right to take whatever legal steps are necessary to protect their interests. This may include seeking compensation or other remedies. An assessment of the situation by a legal professional will reveal which legal options are most appropriate according to the details of the individual case.

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