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LSDefine

Simple English definitions for legal terms

proprietary information

Read a random definition: repressive tax

A quick definition of proprietary information:

Proprietary information is information that belongs to someone and they want to keep it a secret. It can be a special way of doing something, like a recipe or a process, that gives them an advantage over others. To be considered proprietary, the information must be valuable and not easily known by others. The owner of the information must also make an effort to keep it a secret. This is important because if others knew the information, it could hurt the owner's business.

A more thorough explanation:

Proprietary information refers to information that is owned by a person or company and is kept secret to maintain a competitive advantage. This information can be a formula, process, device, method, technique, or any other business information that is not generally known or easily accessible to others.

For example, a company may have a secret recipe for a popular soft drink that gives them an advantage over their competitors. This recipe is considered proprietary information and is kept confidential to maintain their competitive edge.

Another example is a software company that has developed a unique algorithm that makes their product more efficient than their competitors. This algorithm is considered proprietary information and is kept secret to maintain their advantage in the market.

Overall, proprietary information is valuable to a company because it gives them a competitive advantage. It is important for companies to protect their proprietary information through legal means, such as trade secret laws, to prevent others from using or disclosing it without permission.

proprietary government | proprietary license

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General chat about the legal profession.
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HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
13:18
i’m in the same boat mastermonkey but with lower stats. i hope i hear back by mid march
CheeseIsMyLoveLanguage
13:24
@mastermonkey45: Looking at some of the recent decisions in relation to when they went complete, I'd say it's a good sign. It seems many declines were sent within about 5-6 weeks of completion. Given those were applications that were SENT in January, I'd say that means you're still solidly in the running. :)
14:30
Sent an app to OSU in early december and have STILL not heard back
Give it 4 more weeks at least. Everyone in this chat needs to wait longer.
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