proprietary information meaning
Related Terms. Information that is not public knowledge (such as certain financial data, test results or trade secrets) and that is viewed as the property of the holder. The recipient of proprietary information, such as a contractor in the procurement process, is generally duty bound tom refrain from making unauthorized use of the information.
A proprietary process is a manufacturing process that others are forbidden to use, and a proprietary trademark is a name that only the owner can use. Legal rights of this kind are ensured by copyrights and patents. After a certain period of time, inventions and processes lose …
Proprietary Information. Proprietary information, also known as a trade secret, is information a company wishes to keep confidential. Proprietary information can include secret formulas, processes, and methods used in production. It can also include a company’s business and marketing plans, salary structure, customer lists, contracts,
Trade Secret. Information that is common knowledge will never receive protection as a trade secret. Information must rise to a sufficient level of originality, novelty, or utility before a …
Proprietary information, also known as a trade secret, is information a company wishes to keep confidential. Proprietary information can include secret formulas, processes, and methods used in production. It can also include a company’s business and marketing plans, salary structure, customer lists, contracts, and details of its computer systems.
Links for citation. However, Proprietary Information does not include information (1) that was or becomes generally available to you on a non-confidential basis, if the source of this information was not reasonably known to you to be bound by a duty of confidentiality, (2) that was or becomes generally available to the public or within
Proprietary Information. Proprietary information is information that a company wishes to keep secret. This type of information can include everything from a recipe, to a specific formula, or a design plan that is used to make a company’s products. It can also extend to a company’s salary structure, employment contracts, and marketing plans.
This is information that is known only to the owner of the information. It is not information that is made available to the general public at any time. It can relate to budget information and research results that belong to the company. How To Locate Offenders. International Business Law.