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August 2014 Archives

Judge determines man violated non-compete agreements

According to a judge, one of the owners of the large chain of gyms and workout facilities, Work Out World (WOW), has violated non-compete agreements with the shareholders and other owners. A co-owner and the widow of one of the owners filed the compliant against the man because he opened competing workout facilities in violation of the agreement. Non-compete agreements stated that no partners or owners can open a gym or competing facility within 50 miles of a WOW gym.

Improving the economy by protecting trade secrets

Trade secrets are some of the most valuable types of property owned by a company or business in New Mexico. It is especially important to take the proper steps to protect trade secrets because, unlike copyrights and patents, this information is private. In every industry and every type of business, this information can be the key to economic success.

Theft of trade secrets leads to criminal charges

A former researcher has pleaded guilty to criminal charges after it was learned that he hid the theft of trade secrets from his employer. A co-worker apparently stole trade secrets, and this man helped him by hiding computers with evidence of the crime. The two men were employed by Citadel LLC, a hedge fund company. Both men faced criminal charges and entered guilty pleas, and now both are awaiting sentencing.

Non-disclosure agreements: when are they necessary?

Asking employees to sign non-disclosure agreements has long been a standard operating procedure for businesses. New Mexico business owners may be considering the necessity of non-disclosure agreements for their own companies, but there are those who feel that these agreements violate employee rights. While there may be some of these legally binding agreements that are questionable, non-disclosure agreements are a legal, viable and beneficial way to protect company interests.

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The Law Office of Timothy L. Butler
210 Montezuma Ave., Ste 200
Santa Fe, NM 87501
Phone: 505-216-2367
Toll Free: 888-425-1095
Fax: 877-389-7834
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