Explain That is a podcast by Velocity Legal which unravels complex legal concepts and makes them easy to understand. Our host Andrew Henshaw (Managing Director of Velocity Legal) talks to a range of specialists who share their expertise and provide practical guidance.
This mini-series explores the intricacies of businesses and employees handling (or mishandling) confidential information. The series delves into the differentiation between trade secrets and know-how, emphasising the importance of well-crafted employment contracts for protecting sensitive information. Discussions revolve around the legal complexities arising from the misuse of confidential information, including the interplay between contract law, equity, and statutory duties under the Corporations Act. The series further examines the liabilities of employers in cases of information misuse by new employees. Through hypothetical scenarios, the podcast illuminates the nuanced legal battles and the necessity for immediate and decisive action in cases of information breach, underscoring the significance of legal preparedness in safeguarding business interests.
The first episode introduces the concept of confidential information in the workplace, distinguishing between trade secrets and know-how. Jess Hill and Andrew Henshaw discuss the critical role of employment contracts in defining and protecting confidential information. They explore various legal frameworks, including contract law and equity, that address the misuse of such information. The episode highlights the importance of swift legal action, like injunctions, to prevent further misuse.
This episode dives into a case study which discusses the legal remedies available when confidential information is misused. Jess and Andrew discuss the complexities of proving misuse and the significance of immediate legal action. They outline the legal consequences under contract law, equity, and statutory duties, particularly focusing on sections 182 and 183 of the Corporations Act. This episode emphasises the intricate process of calculating damages and the challenges involved in proving a direct link between misuse and loss.
The final episode examines the liability of employers in cases where new employees misuse confidential information. Through hypothetical scenarios, Jess and Andrew illustrate how new employers can inadvertently become entangled in legal disputes. They discuss strategies for proving misuse, such as subpoenas and discovery, highlighting the difficulty in drawing a line between lawful and unlawful use of confidential information. The episode concludes with insights into potential damages and outcomes in legal battles over confidential information misuse.
This podcast in no way constitutes legal advice. It is general in nature and is the opinion of the author only. You should seek legal advice tailored to your individual circumstances before acting on anything related to this podcast.
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