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Social Media and Company Liability

Businesses are using social media more and more. Even small businesses have put time and effort into their social media profiles such as Facebook Pages, Twitter, YouTube, and Google+. The legal implications of social media mandate you have strict marketing goals governed by clear company policies.

social-media-risk

Social Media Legal Liability

Businesses are wise to adopt a social media policy to outline corporate expectations and limits of acceptable social media use. Business law will continue to develop in this area. For now, here are five important issues you must consider when employees update your company social media profiles:

  1. Can your employee bind you to representations or offers made in a tweet exposing you to litigation later? When tweeting on a company account, is your employee an official representative when they disparage a competitor or leak confidential information of your customers?
  2. Does your YouTube video contain infringing material or violate privacy laws? What license do you have to use particular images, illustrations, or people?
  3. Does your business own the social media account your employee posts to? Who do the 9000 Twitter followers belong to?
  4. Are your trade secrets and trademarks protected? Or is your business losing valuable rights in its intellectual property?
  5. What expectation of privacy should employees have that use company social media accounts? Does it make a difference if updates come from the employer’s Twitter account or from the employee’s Facebook profile?

Creating a social media policy can help you avoid being blindly led off a cliff. Your company must establish the boundaries of acceptable company related communications. Policies should be implemented throughout your organization and uniformly enforced.

In the final analysis, educating your staff to the issues goes a long way in avoiding harm to company reputation, financial damage, and civil litigation.

Confidentiality Non-Circumvention Agreement: Business Lawyer Clearwater FL

There are times when a business or corporation must keep trade secrets and other confidential information secure even while not necessarily ever doing business with whom they are considering. Many of my clients face this chicken and egg question which I assist with in my capacity as their Business Lawyer Clearwater FL. Without a Confidentiality Agreement or some sort of Non-Disclosure Agreement, it is hard to begin discussions with future business partners or vendors. Your Business Lawyer Clearwater FL should make sure your Confidentiality Agreement or NDA defines Confidential Information and also defines what is not Confidential Information.

Business Lawyer Clearwater FL Reviews Confidentiality and Non-Circumvention Agreement Clauses

However, you also want to make sure you restrict the recipient of your confidential information from benefiting from the direct or indirect use or exposure you give them to the Confidential Information. Discuss specifics of your deal with your Business Lawyer Clearwater FL. This allows you to not only sue for the breach of the agreement if necessary, but also to allege that any benefit obtained by the recipient through use of your Proprietary and Confidential Information should be turned over to you for the benefit of your business or company.

confidentiality and non-circumvention agreementThe first two provisions below are the typical provisions in a Confidentiality Agreement. However, make sure the Non-Circumvention provision below is part of your NDA or Confidentiality Agreement. Questions? Contact Business Lawyer Clearwater FL Nickolas Ekonomides.

Confidential Information

As used herein, “Confidential Information” shall mean all information, whether in written, oral, electronic or other form, furnished or disclosed on or after the date hereof by the Company to the Recipient, and specifically includes, but is not limited to, all business and financial information, assets, marketing and strategic plans, analysis, projections, reports, technologies, processes and operations, compilations, forecasts, studies, lists, summaries, notes, data, legal and regulatory permitting strategic analysis and plans relative to state and local law, all terms and conditions included in any and all drafts of any agreement with respect to the Business Opportunity, all customers, employees, suppliers, vendors, professionals involved with the Business Opportunity (“Contact Persons”), and all other documents and materials concerning the Company and its affiliates, including the terms of this Agreement, and any prices, fees, financing arrangements, and schedules hereto. Confidential Information shall also include all information related to the Business Opportunity provided by the Company to the Recipient prior to the signing of this Agreement.

Non-Confidential Information

Confidential Information shall not include any of the following:
(a) such information in the public domain at the time of the disclosure, or which subsequently comes within the public domain through no fault of the Recipient;
(b) such information which was in the possession of the Recipient at the time of disclosure that was not acquired, directly or indirectly, from the Company;
(c) such information which the Recipient acquired from a third party who did not require the Recipient to hold the same in confidence and who did not acquire such information through breach of this Agreement; or
d) Information independently developed by the Recipient without use of any Confidential Information.

Non-Circumvention

The Recipient shall not at any time prior to the expiration of three (3) years from the date of this Agreement, without the prior written consent of the Company, which consent the Company may withhold in its sole discretion, (a) attempt in any manner to deal directly or indirectly in any manner with any of the Contact Persons or other individuals or companies related to the Business Opportunity including by having any part of or deriving any benefit from the Business Opportunity or any aspect thereof, or (b) by-pass, compete, avoid, circumvent, or attempt to circumvent the Company relative to Business Opportunity including by utilizing any of the Confidential Information or by otherwise exploiting or deriving any benefit from the Confidential Information.

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The information contained in this website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. You should consult with an attorney before using any information from or any Legal Forms provided on this website. Read the entire Disclaimer.

Nickolas C. Ekonomides is licensed in Florida with main office Clearwater.