What does proprietary mean in the English Dictionary?
Dictionary entry overview: What does proprietary mean? 1. an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits Familiarity information: PROPRIETARY used as a noun is very rare.
Who is the owner of a proprietary business?
proprietorship, proprietary(adj) an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits.
Why is proprietary information important to a company?
Proprietary information is important, possibly sensitive information that a company owns. This information usually gives the company competitive advantage (s) in its market. Things that can be used, known, produced, manufactured and/or marketed under the exclusive legal right of the inventor or maker may be proprietary.
How is information considered proprietary by a court?
For information to be considered proprietary by a court, a company must treat the information as confidential. Courts will not find readily available information or public information proprietary. The information must also give the company a competitive advantage to be considered proprietary.
What does it mean to own proprietary information?
What is proprietary relates to ownership and the rights an owner may exercise in regards to his or her property or information. A proprietor is one that possesses, owns, or holds exclusive right to something. Legally, what is proprietary often refers to proprietary information.
What does the term confidential and proprietary mean?
Confidential and Proprietary Information means the terms of this Agreement and any and all information, data, software, matter or thing of a secret, confidential or private nature identified as confidential and/or proprietary information or the like by the Party which claims the information to be proprietary, relating to the business of the
What does the word Proprietary mean in Merriam-Webster?
— Nicholas Proffitt, New York Times Book Review, 21 May 1989 The investors have a proprietary interest in the land. The computer comes with the manufacturer’s proprietary software. “Merriam-Webster” is a proprietary name. The journalist tried to get access to proprietary information.
Which is the best definition of proprietary rights?
What Are Proprietary Rights? Proprietary rights, also known as property rights, are the theoretical or legal rights that an entity has to own property, whether tangible or intangible. Property rights are some of the most basic rights in a free society. They give individuals the right to accumulate, own, hold, delegate, rent, or sell their property.