S13 E32 Avoid A Lawsuit When Hiring With Wayne Carroll And Scott Gibson

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S13 E32 Avoid a lawsuit when hiring – Best practices when hiring employees with experience An SBA report on Small Business litigation from 2005 showed that Litigation costs for small businesses firms are between 3000 to 150 000 per lawsuit The survival rate of new employers falls from 69 of all new firms in the first 2 years to 33 survival rate if they are involved in a lawsuit Small firms hire 43 percent of high-tech workers scientists engineers computer programmers and others We are joined by Attorney Scott Gibson a trade secret expert Scott is there a risk of being sued when hiring someone from a competing business Do you need a written trade secrets agreement to protect your trade secrets – Having a written agreement is not necessary for protecting trade secrets but it indicates taking reasonable steps to maintain secrecy Trade secrets are protected regardless of a written agreement but reasonable efforts to maintain secrecy are required as per the definition of a trade secret Conducting a Trade Secret Audit article by Scott Gibson Next week we will cover Internal Company IP Processes Culture Life Cycles and Your IP Team The lifecycle of an invention – from secret to patent to a brand When in the life cycle of patenting to start selling your new product Creating a culture of IP protection Create your IP team – Who you need on your team and what they need to do Guest BIO Scott Gibson Scott F Gibson is a highly experienced attorney with over 35 years of expertise in protecting businesses from unfair competition and disloyal employees With a unique blend of courtroom experience and deep knowledge of unfair competition laws he helps clients effectively safeguard their intangible business interests Scott s exceptional ability to identify critical issues allows him to focus on resolving litigation and achieving favorable outcomes through negotiation or motion practice He holds two advanced legal degrees in Biotechnology and Genomics as well as Litigation Management and is recognized for his teaching and speaking engagements on trade secrets restrictive covenants and employment law Use this link for more information and to contact Scott Gibson BIO Wayne Carroll founded Inspired Idea Solutions Law Firm in 2013 an IP boutique law firm focused on helping small businesses with intellectual property At Inspired Idea Solutions we use a proven process for obtaining IP rights that focuses on aligning the business strategy of small business clients with their IP strategy We help small businesses implement a strategy to ensure they own and leverage their intellectual property We also have clear expectations with zero hidden fees In addition to his legal work Wayne is an Eagle Scout and actively volunteers with the Boy Scouts of America He is also a proud father of six children and enjoys playing pickleball Wayne s extensive experience and expertise in intellectual property law make him a highly respected attorney and a valuable asset to clients seeking protection for their intellectual property rights Wayne can be reached at 480-741-2440 or Wayne inspiredideasolutions com You can also connect with Wayne on LinkedIn Schedule an appointment with Wayne Carroll for a strategy session on protecting and leveraging your intellectual property TAGS SBA report litigation costs contract litigation survival rate new employer small firms high tech workers risk of getting sued risk evaluation trade secrets written agreement confidentiality contractor salesmen competitor settlement security policy intellectual property Leveraging Inspiration Wayne Carroll Scott Gibson legal disclaimer ex-employee intel plant sensitive information large corporations small businesses iBGR network Inspired Idea Solutions Law Firm strategy Microsoft garage security measures potential employee misappropriation liability theft of trade secrets protection Click here to visit this podcast episode