As a business owner, you must be aware of the legal options you can seek in a dispute. Your business is home to many documents ranging from commercial contracts to intellectual property and confidential information. The theft or leaking of these documents can cause significant harm to your company. Because of this, companies have a legal remedy to prevent individuals or third parties from disclosing their valuable information, known as an injunction. Injunctions come in all shapes and sizes, depending on the court order your business seeks. This article will explore the different types of injunctions, so you know when to consider making an application to start injunctive legal proceedings.<\/p>\n\n\n\n
The two primary forms of injunctions<\/a> are:<\/p>\n\n\n\n So, for example, a prohibitory injunction could stop a former employee from disclosing confidential information about a trade secret<\/a>. On the other hand, a mandatory injunction could require them to disclose all documents obtained from employment to check for theft of confidential information.<\/p>\n\n\n\n You should seek injunctions sparingly as they are very expensive, and if you lose, you may have to pay for the other party\u2019s legal fees defending the injunction. There are several types of injunctions, which we will explore further below.<\/p>\n\n\n\n This is a prohibitory injunction, which your company can use to stop the other party from moving funds outside the United Kingdom. For example, your company may seek this type of injunction if it believes that a business debtor is planning to move money abroad to avoid payment under a contract or court judgment. Subsequently, your organisation can request the freezing of various assets including:<\/p>\n\n\n\n Because freezing bank accounts and company property is an extreme measure, your business must establish a very good reason for seeking this type of injunction. In brief, your organisation must persuade the court that there is a real and likely risk of the other business moving those assets. If the court grants your injunction, your business can serve it on the relevant bank holding the property, alongside the company concerned.<\/p>\n<\/div>\n\n\n\n\n\n Continue reading this article below the form\n <\/i>\n<\/a>\n\n
1. Freezing Injunction<\/h2>\n\n\n\n
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