Friend Hudak Harris

On May 11, 2016, President Obama signed the Defend Trade Secrets Act of 2016 (the “DTSA”) into law. The DTSA—which went into effect immediately after being signed—creates a new right for trade secret owners to sue under federal law when their trade secrets are misappropriated. But the DTSA also requires an employer to notify its employees (including contractors and consultants) of immunity for certain permitted disclosures of a trade secret in any contract or agreement with the employee that governs the use of trade secrets or other confidential information.

Thinking about selling your business—eventually? As it turns out, business buyers are looking for the same things as business owners—sound businesses that produce predictable cash flows with quantified risk. Here’s some advice on how to maximize your company’s value, reduce costs and minimize risks (even if you’re not planning on selling your business.)

Are you using criminal background checks as part of your hiring process? If so, your use of them is subject to federal law. We can show you how to avoid some common – and dangerous – pitfalls when using background checks to safeguard your business.