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Should the company formally adopt a confidentiality policy?
The company should adopt a statement of policy. The policy may provide that: "information not generally known or readily ascertainable that would have value if it was secret will be maintained secret absent a greater need to the contrary. All situations where there is doubt as to how to treat particular information will be construed in favor of treating the information as secret. The company will determine those times when such information will not be treated confidential on a case-by-case basis." This or a similar statement should be adopted by the company.
Updated: 11/12/99
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