Question

Which of the following attributes is not necessary for the information to qualify as a Trade Secret?

Answer 1

Answer:

Absolute secrecy is not required. ... It must have actual or potential commercial value because it is secret. It must have been subject to reasonable steps by the rightful holder of the information to keep it secret (e.g., through confidentiality agreements).

Explanation:

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Answer 2

The information to qualify as a Trade Secret Absolute secrecy.

Explanation:

• There is no need for complete confidentiality...

• Because it is confidential, it must have actual or potential commercial value.
• The lawful holder of the knowledge must have taken reasonable precautions to keep it hidden (e.g., through confidentiality agreements).
• A trade secret: is information that has either actual or potential independent economic value by virtue of not being generally known, has value to others who cannot legitimately obtain the information, and. is subject to reasonable efforts to maintain its secrecy.