Which statement is NOT correct regarding the protection of proprietary information?

The assertion that all agreements to be bound must always be in writing is not correct. While it is ideal and often recommended for agreements related to proprietary information to be documented in writing to provide clear terms, accountability, and legal enforceability, verbal agreements can also establish a binding relationship. In many cases, non-disclosure or confidentiality can be implied through behavior, relationships, or specific circumstances, although this is less formal and may be harder to enforce.

On the other hand, the other statements reflect essential truths about the protection of proprietary information. Employees indeed represent a significant group that is typically bound to maintain the confidentiality of proprietary information they handle. Their role often carries an implicit fiduciary duty, meaning they are expected to act in the best interest of the organization and are prohibited from disclosing sensitive information without authorization. Additionally, anyone else who may have access to proprietary information, such as contractors or partners, must explicitly agree to keep such information confidential. This agreement can be formalized in writing or could also be established through verbal commitment.