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Tampa cyber law attorney cyber attack damagesCyber threats are a serious and growing risk for American and global businesses. A 2017 study by the Ponemon Institute and Accenture, based on data from over 250 large companies across seven countries, reported an average of 130 security breaches per company in 2017, a 27% increase over the prior year. Ransomware attacks are a particular concern, and the reported frequency of these attacks doubled from 2016 to 2017.

Computer system hackers may be aiming to steal trade secrets, obtain personal data that can be used for identity theft, or simply cause trouble for a business out of spite. Whatever the motive, any type of security breach can cost a business thousands or even millions of dollars in system repair costs and loss of revenue.

Cyber Damages Claims Under Federal and Florida State Law

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Florida trademark attorneyYou might think “intellectual property” is limited to inventions that a business has patented. But the definition is actually much broader, including such things as:

  • Your website domain name.
  • Copyrighted works of writing, art, or music.
  • Trademarked brand names and logos.
  • The trade dress of your business, which includes unique visual aspects of your website as well as products, packaging, and even building architecture.
  • Trade secrets, including proprietary processes and methods, algorithms, patterns, client lists … any information you would closely guard to keep it out of the hands of competitors.

Here are four questions every business owner should ask and answer with regard to intellectual property:

Do you know the value of your intellectual property? If you really think about the scope of your business, you probably have more intellectual property than you first thought. List your most important IP assets, and ask yourself two questions. First, do I have sufficient protections in place, given the value of this IP? Second, how much am I willing to spend to defend this IP? If a competitor should infringe on your intellectual property rights, you will want to react quickly to avoid potential losses and to collect compensation for any financial damage that may have already occurred. At the same time, you need to take a cost-effective approach to protecting your IP, considering the financial investment and future revenue at stake.

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b2ap3_thumbnail_shutterstock_319177193.jpgMany businesses rely on relationships with outside agencies or individuals to ensure ongoing productivity and profitability. Creating and implementing third party reseller agreements ensure distribution of your products or services are done in manner that upholds your company’s brand image and reputation. However, while researching and drafting these agreements, it is important to consider variables that might create confusion or poor results.

Consider These Relevant Issues

  • Start small and grow gradually: When opening a new agreement allow a distributor to prove themselves on a small scale. Once doing so you can reward that distributor with a larger piece of territory. Do not assign too much, too soon.
  • Reasons for Termination: If an agreement allows only for Termination for Cause, it can delay action while partners argue the definition of “cause.” Termination for Convenience and for Cause enables a company to take steps to nullify a relationship while following defined and prescribed steps.
  • Writing semi-automatic renewal and annual termination terms into an agreement allows either party to exit an agreement once a year. This bases a partnership on performance, and the most experienced partners desire an ongoing relationship that is based on performance.
  • Exclusive vs Non Exclusive agreements: There are pros and cons to both, but find a way to maintain an advantage while allowing for some flexibility that appeals to the distributor.
  • Address issues of price changes: An agreement that permits price changes based on market demand, and only a period of advance notice can help resolve conflicts over this issue.
  • Termination of the agreement by one or both parties: The best distributor agreements allow for either partner to end the relationship.
  • Allow the nature of the relationship to change: Variables in the marketplace can impact how both a manufacturer and a distributor do business. Write an agreement that permits both parties to recommend change on an ongoing basis allows the partnership to evolve with the market without undue pressure.
  • Stay involved in the process: Attorneys are important to writing fair and legal agreements, but the input of those with practical experience can help keep matters relevant and on point.

Retain an Experienced Florida Online Contracts Attorney to Install Sound Reseller Agreements

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Posted on in Cyber Crime

b2ap3_thumbnail_shutterstock_302508602.jpgBusinesses of all sizes dedicate considerable resources every year to develop, secure and defend their computer network. Software companies constantly introduce new firewalls and other anti-virus programs to fight off illegal breaches. Despite best efforts, network hacking continues making headlines and compromising sensitive information.

Giving In To Hackers’ Demands

In what has become a widely publicized case of hacking, that seems to feature the release of new details on what feels like a weekly basis, ride-sharing giant Uber acknowledged that it paid hackers $100,000 to delete the data they stole in 2016. The personal information of nearly 57 million Uber drivers and riders was accessed illegally by two, yet-to-be-identified electronic thieves.

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Posted on in Cyber Crime

b2ap3_thumbnail_Untitled-design-22.jpgEven when you take proactive steps to protect your company’s network and stored data, there are individuals constantly looking for opportunities to expose and exploit any weaknesses. Hacking is a major issue facing companies and, if the news is any indication, electronic thieves and computer hackers are showing no signs of reducing their illegal and damaging activities.

Companies are Being Hit by Hackers

There have been a number of high-profile hacking incidents that made the news over the past few years that impacted major retailers and financial institutions, as well as their customers and clients. The latest company to fall victim was the ride-sharing business, Uber.

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Posted on in Cyber Crime

cybersecurity, hackers, Florida cyber law attorney, online attacks, Florida cyber lawMore and more companies recognize the value of using the Internet to grow and strengthen their business. Whether for communications, marketing, e-commerce, research, or other purposes, online activity among employees and customers has expanded exponentially. However, with this growth comes the increased threat to information moving along or stored by electronic means. 

Business Activity Has Moved Beyond Laptop and Desktop Computers

Hand-held devices have taken on an increased presence among business operations throughout a variety of industries. From tracking inventory to recording important statistics and other real-time data, the threat to the information stored on these devices is no less real. This may complicate matters for cyber professionals charged with protecting intellectual property

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