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LSDefine

Simple English definitions for legal terms

proprietary information

Read a random definition: Permit

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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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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