Examlex
Discuss and draw a diagram of the relationship between ethical standards and legal requirements.
True Value
The actual, inherent worth of an asset, not influenced by market conditions or sentimental perceptions.
Legal Acceptance
The formal agreement to the terms of a contract, making the contract legally binding and enforceable.
Ownership
The legal right to possess, use, and dispose of something, whether it be physical property, intellectual property, or another asset.
Trade Secret
Information, including a formula, practice, process, design, instrument, pattern, or compilation of information, not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers.
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