Exactly. My experiences predate the use of VMs so we just archived copies of all the design documents and tools with legal terms defining how they could be reclaimed -- and by whom. The customer really did not want to NEED to exercise this option -- cuz it means a big headache for them as they don't have the expertise to even understand the material archived. *But*, it's "insurance"; you don't want to make a 30 year, 7 figure investment in equipment and discover that the vendor went out of business 2 weeks later!
Locked hardware (or software) is often far easier to break than one imagines. Unless you've actually sat down and made it a GOAL to crack something, you likely don't realize how resourceful you can be in such attacks!
And, the business isn't the same as the *staff*, there. Some precocious engineer may want to dig into your "secrets" just as a challenge. And, once he's cracked them, it's highly unlikely that he's NOT going to tell others what he's learned!
"Trust" (mistrust?) needn't be based on whether or not the party is ethical, scrupulous, etc. Rather, you have to evaluate how much "faith" you have in their assertions.
SWMBO often misplaces kitchen utensils. (I never "clean up". Our arrangement is that I will cook, bake, wash dishes/utensils -- but not put stuff away or clean the {counter,stove}tops.) When I go looking for something and can't find it WHERE IT IS SUPPOSED TO BE, she will swear up and down, "That's where I put it!"
And, I'm sure she *believes* that!
But, I don't TRUST these assertions. It's not that I think she is lying. Or, trying to screw me over. But, too often, I find things in some other place -- possibly because she was distracted when she put it away and *forgot* the fact that she had misplaced it there.
Showing her where I eventually find it usually is met with a simple, "Oh... I must have put it there when I..." (the fact that she'd JUST SAID otherwise magically gets ignored)
OTOH, if I was unable to speak for my own medical needs, I would have no problem "trusting" her to "do the right thing" -- whatever that might be in those circumstances. Regardless of her own personal preferences/biases.