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First, this is a very complicated issue. YOU NEED TO GET AN ATTORNEY to be able to fully answer thid question.
The penalties would usually be spelled out in an employment contract. Industrial espionage could also constitute theft in some rare cases. Generally though, this is a civil matter and if caught, you will be held financially responsible for the any losses you have caused. In addition, the company that you work for that is sanctioning the espionage could be punished financially.
If there is nothing in an employment contract that says that you can not work for a competitor at the same time and there is no non-compete clause for the length of time that you can not compete when you move from one company to another it would be difficult to enforce any issues regarding espionage.
Do keep in mind however that some things are protected under law such as patent and trademark secrets and this could significantly change the out come of an industrial espionage case.
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∙ 14y ago
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Why might a multinational company undertake industrial espionage?
For the same reason nations involved in a war undertake espionage: to be one step ahead of their competitors. For instance, if Toyota found out that GM had developed a marketable Hydrogen Fuel Cell car, they might want to start adjusting for the market impact of that as soon as possible. There is a difference, though, between industrial espionage and illegal spying. It is NOT illegal to buy competitor's good and study them (this is a common practice in the microchip industry). It IS illegal to acquire and use, with or without intent, the secrets of another company that is not otherwise available to the public. Thus, it would be illegal for Popeye's Chicken to acquire the "Secret" ingredients to KFC's chicken recipe.
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this ain't no answer but we got the same hmwk buddy
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