Articles Posted in Business Law

Indemnity and hold harmless agreements are powerful tools that require the other party to the agreement to cover losses and expenses of the indemnitee. A hold harmless agreement is a type of indemnification agreement. “The term ‘hold harmless’ means to fully compensate the indemnitee for all loss or expense, and an agreement to hold harmless…

A party seeking to enforce a restrictive covenant must plead and prove the existence of at least one legitimate business interest justifying enforcement of the restrictive covenant. Fla. Stat. § 542.335. That same party must also “plead and prove that the contractually specified restraint is reasonably necessary to protect the legitimate business interest or interests…

            Protecting trade secrets can be critical to a business. Trade secrets are defined as information that “(a) [d]erives independent economic value . . . from not being generally known to, and not readily ascertainable by proper means by, other persons who can obtain economic value from its disclosure or use; and (b) [i]s the…

Florida’s statute governing restrictive covenants requires the party trying to enforce the restrictive covenant to plead and prove the existence of at least one legitimate business interest justifying enforcement of that covenant. Fla. Stat. 542.355 (“The person seeking enforcement of a restrictive covenant shall plead and prove the existence of one or more legitimate business…

Injunction are one possible remedy in business disputes. An injunction is an equitable remedy that requires a party to perform certain acts or prohibits a party from performing certain acts. “An injunction is for the most part preventive, and cannot ordinarily be employed to correct a wrong already done or restore to a party rights…

A common type of damage in business litigation is lost profits. Lost profits can be used in breach of contract cases and other business torts like tortious interference. See, e.g., Marbella Park Homeowners Ass’n, Inc. v. My Lawn Service, Inc.,12 So. 3d 807 (Fla. 3d DC 2009) (stating the measure of damages for breach of…

Tik Tok has been highly controversial since its inception. Many have raised concerns that the company is owned by a Chinese company, ByteDance because China may use Tik Tok to spy on American Tik Tok users. In April 2024, Congress passed a bill requiring ByteDance to sell Tik Tok to a U.S. company or shut…

A defamation claim can be a powerful tool for businesses to protect their reputations from false statements made by former customers or employees. There are many scenarios where asserting a defamation claim can be useful. A business may assert a defamation claim against a former employee or customer who published a false statement or review…

The Florida Deceptive and Unfair Trade Practices Act (FDUTPA) broadly prohibits businesses from engaging in deceptive practices and unfair methods of competition. Deceptive practices and unfair methods of competition can cover a wide variety of claims because unfair practices as defined broadly. “An unfair practice is one that offends established public policy and one that…

It is no surprise that trade secrets must be secret to qualify as a trade secret. But what does not that mean? Statutes like Florida’s Uniform Trade Secret Act dictate that trade secrets must “derive[ ] independent economic value… from not being generally known to, and not being readily ascertainable by proper means by, other…