Employer's Ownership Interest in Employee's Business

The video discusses the complex relationship between employers and employees regarding side ventures. It explains the duty of loyalty, where employees should not compete with their employer. If a side venture breaches this duty, the employer may have a legal claim. However, if the venture is independent and doesn't use employer resources, the employer has no ownership claim. The video also covers scenarios where employees use employer resources for personal ventures, which could lead to legal actions for resource value compensation.

What is the primary duty of an employee towards their employer when considering a side business?

• To use employer resources for the side business

• To share profits with the employer

• To not compete with the employer

• To ensure the side business is more profitable

Under what condition might an employer claim ownership of an employee's side venture?

• If the side venture is in a different industry

• If the employee uses their own resources

• If the side venture involves stealing clients

• If the side venture is non-profit

What determines if an employee's work product belongs to the employer?

• If it is created using personal resources

• If it is more profitable than the employer's product

• If it is part of the employee's assigned tasks

• If it is created during work hours

Which historical figure is used as an example of work product ownership?

• Albert Einstein

• Alexander Graham Bell

• Isaac Newton

• Nikola Tesla

What is a potential consequence of using employer resources for a side venture?

• Legal action for resource usage

• Recognition as an innovator

• Promotion within the company

• Increased profits for the employee

What might an employer sue an employee for if they use company resources for a side business?

• The value of the resources used

• The employee's personal assets

• The employee's intellectual property

• The employee's future earnings

What is unlikely to happen if an employee's side business is completely separate from their employer's business?

• The employer provides funding

• The employer claims ownership

• The employee is promoted

• The employee is sued for time usage