Businesses in Florida generally enter into contracts in order obtain some benefit for their companies. There are a variety of types of contracts that they enter into, in which one business provides goods or services to another for compensation. These contracts can be very lucrative, but since many businesses offer similar goods or services, there can be competition among them to secure contracts and the compensation that comes with these contracts.
There are many different businesses in Florida. However, no matter how big or how small a company is, it needs to have good leadership to be successful. Obviously larger companies will need more people in positions of leadership than smaller ones, but all those in leadership positions need to work together in the best interests of the company. However, this is not always the case and sometimes people in positions of power will act on their own behalf instead of the company's behalf.
Officers and directors within companies in Florida have many responsibilities. The most basic responsibility is to make sure that the business runs correctly and is profitable. In order to do this, they need to make sure that they maintain good relationships with potential clients and others who could provide the company with business opportunities. When these officers and directors receive various potential business opportunities they need to decide which ones are good for the company and which ones are not.
When businesses in Florida interact with other businesses and individuals, generally it is done through contracts. The parties to the contract agree to do certain things in exchange for something else, and when the parties reach an agreement it is generally then written down and the parties will sign a formal contract. When businesses enter into these contracts though, they have to have some assurances that the other party is capable of doing what they are agreeing to do.
Financial loss is an inherent risk to any business. Market conditions can change, competition can become fiercer and customers may disappear. These are all possibilities that any firm faces when wading into the waters of the free market. On the other hand, when financial loss is caused because of the actions or inaction of another business, individual or group of individuals, it is not something that a firm would normally expect to encounter as a part of its day-to-day operations.
The importance of a non-compete contracts for companies' key personnel and executives cannot be emphasized enough. South Florida firms, whose executives, technology, creative and sales leaders are trusted with developing and protecting proprietary business information, should ensure that their interests are protected by requiring all such employees and executives to enter into such contracts. Non-compete agreements protect a firm's secrets, proprietary information and enterprise knowledge from being shared with or disclosed to competitors.
A state-wide program that funds costly treatment for low-income children who suffer from autism was dealt a blow this month when regulators put a hold on enrollment of new behavioral analysis therapists. Regulators blamed the moratorium on widespread fraud and overbilling by individuals and agencies who were supposed to be delivering this effective type of therapy to needy autistic children in Miami-Dade and Broward counties, and across Florida.
When it comes to fraud, some perpetrators are simply bolder than others. In South Florida, where fraud schemes on a grand scale are somewhat commonplace, it can take quite a bit to turn people's heads. However, a recent scheme uncovered in Broward County is certainly among the most brazen in the recent history of South Florida fraud cases.
A trade secret is an important type of a business's intellectual property for which the laws of Florida afford protection. A trade secret can be a formula, a proprietary device, a recipe or even a list of clients. Anything that is proprietary to a business and that gives the business an advantage over competitors who do not possess the information or do not have the knowledge to use the information could be considered a trade secret. Theft of a trade secret in Florida could give rise to a business tort claim and possibly even criminal charges.
Health care is one of the fastest growing business sectors in South Florida and across the United States. With such tremendous growth, however, comes the possibility of wrongdoing. In recent months, several individuals have been arrested, charged or sentenced on fraud claims involving health care operations. Typically, these cases involve fraudulent insurance claims.