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The sale of sensitive or confidential company information to a competitor is known as industrial espionage.
What is Confidential Company Information?
Employees are frequently restrained from sharing sensitive information with outside parties by confidentiality agreements.
Any information a business owner wants to keep private is considered confidential information. Most frequently, whether information should be considered confidential depends on the specifics of each situation, based on the necessity and significance of nondisclosure. This indicates that corporate secrecy can exist both internally and externally, and it includes information about people's personal, professional, and trade secrets.
Internal business information discussed between the firm owner and another person is referred to be confidential and either cannot or shouldn't be disclosed to a third party without the owner's express permission.
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