This month’s Business Bytes highlights severance agreements, cyber insurance, and patents.
Severance Agreements. Although it is common for employee severance agreements to condition its benefits on the terminated employee’s promises of non-disclosure, confidentiality, and non-disparagement, the National Labor Relations Board finds such conditions improper. Be sure your severance agreements are in compliance. READ MORE.
Cyber Insurance. Like other forms of insurance, the protection of cyber insurance lies in the policy details. A qualified and trusted advisor should be consulted before acquiring such coverage and a checklist of questions to ask is helpful. READ MORE.
Patents. Your creation of a new, useful, and non-obvious process, machine, or composition, or creating a new or useful improvement thereon could entitle you to a patent; a government authorized and enforceable right to protect your exclusive use for a specific period of time. Although the result can be very valuable, acquiring a patent is costly and time consuming. READ MORE.
