5 Ways to Secure Your Intellectual Property During Corporate Transitions
When it comes to departures or transactions, employment agreements and data security can only get you so far without a proactive plan.Major corporate transitions…
August 28, 2017 at 10:29 PM
6 minute read
The original version of this story was published on Law.com
When it comes to departures or transactions, employment agreements and data security can only get you so far without a proactive plan.
Major corporate transitions are never easy. Whether it's an employee departure (key executive, large workforce reduction or others) or a corporate transaction (merger, acquisition, divesture), there are lots of risk factors to a company every time a major transition takes place.
During such transitions, one such risk factor that oftentimes goes undetected is the vulnerability of your organization's valuable IP. Employment agreements and data security can only get you so far without a comprehensive proactive plan. In fact, according to a survey by The Ponemon Institute and Symantec, nearly 60 percent of people who had recently left or lost their jobs admitted to taking confidential company information on their way out the door.
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