Florida Gov. Ron DeSantis recently signed into law the Combating Corporate Espionage in Florida Act, and it will take effect on Oct. 1. The new law was created to protect intellectual property in Florida from theft by foreign governments and their agents—but the act also creates important new considerations for employers in their efforts to protect their closely held trade secrets.
Likewise, the act also re-emphasizes considerations for employers who hire employees from their competitors. Here’s what Florida employers need to know about this new law, and the five steps they should consider taking to put themselves in the best position to protect trade secrets.