Since There Is No Formal Protection Procedure, the Necessary Steps

question 23

True/False

Since there is no formal protection procedure, the necessary steps for establishing a trade secret are often not taken seriously until a lawsuit is brought by the owner against someone who has misappropriated them.

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Definitions:

Slack Season

A period during which demand for a business's products or services decreases, often leading to lower sales.

Procedures

Established methods or sequences of actions for conducting operations or processes within an organization or activity.

Policies

Guidelines and principles that govern the operations and decisions of an organization.

Broad Guidelines

General instructions or principles that provide a framework for decision-making or action but allow for flexibility and interpretation.