In order to protect information about trade secrets,an entrepreneur required all of the employees of the business to sign a contract that said they would not discuss these secrets with anyone outside of the business,and this requirement would continue for a certain period after they left the business. This type of contract is known as a
A) patent.
B) non-disclosure agreement.
C) first mover advantage.
D) tacit knowledge.
E) None of the above.

Question

Quizplus · Accepted Answer

The contract described is a non-disclosure agreement, which is a common tool used to protect trade secrets and confidential information. Patents, first mover advantage, and tacit knowledge are all related to intellectual property and competitive strategies, but do not specifically address the issue of confidentiality and non-disclosure.

In Order to Protect Information About Trade Secrets,an Entrepreneur Required