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LSDefine

Simple English definitions for legal terms

proprietary technology

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A quick definition of proprietary technology:

Proprietary technology is a type of knowledge or know-how that belongs to someone and they have to give permission before others can use it for business. It's like a secret recipe or a special way of doing things that gives the owner an advantage over their competitors. It's important to keep it a secret so that others can't copy it and take away the advantage.

A more thorough explanation:

Proprietary technology refers to a body of knowledge or know-how that is owned or controlled by a person or company. This knowledge or know-how is kept confidential to maintain an advantage over competitors. It can include formulas, processes, devices, programs, methods, techniques, or processes that are not generally known or readily ascertainable by others who can obtain economic value from its disclosure or use.

For example, a company may have a proprietary technology for a new type of battery that lasts longer than any other battery on the market. This technology is kept secret to maintain a competitive advantage over other battery manufacturers. Another example is a software company that has a proprietary algorithm that makes their software faster and more efficient than their competitors.

These examples illustrate how proprietary technology can give a company a competitive edge in the market. By keeping their technology secret, they can maintain their advantage and continue to innovate and improve their products.

proprietary software | proprietas

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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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