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Protecting Intellectual Property

Preventing Insider Competition Protecting Intellectual Property

Most entrepreneurs and established businesses are extremely sensitive to business risks and lost opportunities resulting from the actions of their competitors. When dealing with known or suspected business rivals, it is natural go into “high alert” mode in an effort to secure confidential business information such as customer and supplier lists, marketing ideas, advertising plans and budgets, and customer buying habits. Unfortunately, few steps are taken to prevent the competitive use or disclosure of information by those considered to be trusted “insiders” such as partners, employees, vendors, and sub-contractors. All businesses must protect their intellectual property.

One-third of all business failures are linked to losses resulting from theft by those in a trusted position. In addition to theft of physically tangible items such as cash, machinery, tools, and inventory, the fast-paced and competitive information age has seen a growing trend towards the theft of confidential information and business knowledge.

Today’s disgruntled employees are more capable than ever before of forming split-off start-up companies and competing with their former employers.

The success of many high-technology businesses is determined to a large extent on the ability to acquire, protect, and exploit new ideas. In a competitive business environment, it is surprising to find increasingly valuable ideas and proprietary knowledge being stockpiled in the minds of a mobile, independent, and relatively disloyal workforce. Protecting intellectual property requires that protective measures be taken to ensure that this knowledge is not improperly used. Today’s disgruntled employees are more capable than ever before of forming split-off start-up companies and competing with their former employers. Furthermore, job mobility is at an all-time high with senior management and even principals moving regularly as a way to take advantage of new opportunities and to advance their careers. In this contextual setting, it certainly is not difficult for confidential information to reach an established competitor through a former employee, partner, vendor, or sub-contractor.

At John Rizvi, P.A., we are The Idea Attorneys® and regularly assist companies in protecting their valuable ideas and confidential information through a variety of intellectual property doctrines. From a practical standpoint, it is our experience that courts are much more likely to be persuaded to grant an injunction and monetary relief for theft of confidential information by an inside party where the parties have clearly spelled out their understanding in a written document. As such, we counsel clients in the development of non-disclosure, non-compete, technology transfer and development, license, franchise, and distribution agreements.

If you would like to speak to an attorney about your particular situation, please do not hesitate to call our office.

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Board Certified Attorney

Florida Bar Board Certified Intellectual Property Attorney

Under Florida law, only lawyers that have been Board Certified as experts are legally permitted to identify themselves as specialists or experts in an area of law. Board Certification was established to assist consumers in selecting specialists in various areas of law.
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The FLorida Bar - Board Certified

Board Certified Attorney

The FLorida Bar - Board Certified

Florida Bar Board Certified
Intellectual Property Attorney

Under Florida law, only lawyers that have been Board Certified as experts are legally permitted to identify themselves as specialists or experts in an area of law. Board Certification was established to assist consumers in selecting specialists in various areas of law.
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FREE! Patent Protection A Practical Guide for Inventors & Entrepreneurs

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FREE! Patent Protection A Practical Guide for Inventors & Entrepreneurs

Patent Protection

Do you have an idea, product or
service you'd like to protect? Don't let
your idea get stolen!

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At The Idea Attorneys®, we have dedicated our practice exclusively to securing and preserving the intellectual property rights of our clients, including patent, trademark, copyright, trade secret, unfair competition, and franchising matters.

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At the law offices of John Rizvi, P.A. - The Idea Attorneys®, we have dedicated our practice exclusively to securing and preserving the intellectual property rights of our clients, including patent, trademark, copyright, trade secret, unfair competition, and franchising matters.
© Copyrights 2024. The Idea Attorneys (The Patent Professor®). All Rights Reserved.
Our Patent, Trademark & Copyright Attorneys in Florida

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Florida Patent, Trademark & Copyright Attorneys | Call 954-452-0033
© Copyrights 2024. The Idea Attorneys (The Patent Professor®). All Rights Reserved.
The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship.
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