BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The most common and most effective way to protect trade secrets is through use of nondisclosure agreements (NDAs). Courts have repeatedly reiterated that the use of nondisclosure agreements is the most important way to maintain the secrecy of confidential information.

Detailed explanation-2: -All trade secrets are confidential information but business information that may not rise to the level of a trade secret may also be deemed confidential within the company.

Detailed explanation-3: -Trade secrets are intellectual property (IP) rights on confidential information which may be sold or licensed. In general, to qualify as a trade secret, the information must be: commercially valuable because it is secret, be known only to a limited group of persons, and.

Detailed explanation-4: -Within an office setting, traditional protections, like non-disclosure agreements (NDA), are important. Other reasonable measures include: implementing password protection on devices containing trade secrets and locking cabinets that hold paper documents with proprietary information.