Of all of the assets that businesses in Daytona Beach value, chief among them has to be their employees. This is why if you do happen to lose an employee, your greatest fear may be that they will either immediately go to a competitor and share some of your valuable trade secrets, or try and poach some of your other employees. Many clients come to our team here at Smith Bigman Brock convinced that a non-compete agreement will prevent this, yet that depends on the nature of the agreement. If its deemed to be too restrictive, the court may actually rule that it is non-enforceable.
Much of the stability of your business in Daytona Beach comes from the confidence in knowing that your clients cannot simply walk away from your contractual agreements. If they do want to cancel a contract, they typically need to have cause to do so. Yet are there exceptions to this rule?
In our litigious society, every business must remain wary of lawsuits. No company wants to face a time-consuming, expensive, image-damaging lawsuit. While every business’s level of risk varies, litigation remains a constant threat for most companies.
As a business owner, you may have to head to court over any number of issues. From trade secret theft to other matters which may involve competitors, business partners or customers, business litigation has many causes. However, some lawsuits are the result of an issue involving a staff member or a group of employees. It is extremely important for businesses to handle these cases with special care since the outcome of the suit could have a ripple effect felt throughout the company. In Daytona Beach and across Florida, the way in which a business owner handles a lawsuit involving staff members could even affect the future of the company.