True or false: A trade secret's holder has the right to sue any signee who breaches a trade secret nondisclosure agreement.True false question.TrueFalse
Question
True or false: A trade secret's holder has the right to sue any signee who breaches a trade secret nondisclosure agreement.
True false question. TrueFalse
Solution
True. A trade secret holder has the right to enforce the terms of a nondisclosure agreement (NDA) against a signee who breaches it. When an individual or entity signs an NDA, they are legally committing to keep certain confidential information secret. If they violate this agreement by disclosing or using the trade secret without authorization, the trade secret holder can pursue legal action to seek remedies for the breach. These remedies may include injunctive relief, which prevents further disclosure, and monetary damages for any losses incurred as a result of the breach. Therefore, the statement is true as it reflects the legal protections afforded to trade secret holders under intellectual property law.
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