Respuesta :
The statement, "Trade secrets have an unlimited duration, i.e. do not expire after a fixed period of time." is true.
Trade secret protection remains in place indefinitely. Trade secrets are not need to be registered and can last as long as they are kept private. Trade secrets are a type of intellectual property that includes formulas, procedures, methods, designs, tools, patterns, or information compilations that have inherent economic value because they are not widely known or easily discoverable by others and that the owner takes reasonable precautions to keep secret.
A corporation may use a trade secret to maintain a competitive edge as long as the company maintains the trade secret' confidentially since a trade secret has no expiration date. A trade secret is any corporate policy or practice that is normally kept a secret from anyone outside the company.
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