Final answer:
True, trade secret protection does not expire as long as the secret is adequately safeguarded and remains unrevealed.
Step-by-step explanation:
The statement 'Trade secret protection can last into perpetuity as long as the information remains a secret and the owner continues to take reasonable measures to protect it.' is true. When it comes to intellectual property, different types of protections apply to different forms of creations. For trade secrets, such as the famous formula for Coca-Cola, the protection does not expire as long as the information is kept confidential and the company takes reasonable steps to maintain its secrecy. This is different from other forms of intellectual property like patents or copyrights, which have finite terms. Throughout the world, countries have developed laws and are negotiating international treaties through the World Intellectual Property Organization (WIPO) to standardize the protection of intellectual property, which includes trade secrets, patents, and copyrights.