The term “proprietary information” can be used to describe a broad range of things that the owner considers confidential. It is any type of data that the owner wishes to restrict who know about it or its contents. Proprietary information is another way of saying something is a trade secret.
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.
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 ...
What is PROPRIETARY INFORMATION? 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.
Marking Proprietary/Trade Secret Information. Effective enforcement of laws governing unauthorized disclosure of proprietary or trade secret information generally requires that this information be clearly identifiable through appropriate markings. The nature of these markings is left to the discretion of the company.
Trade Secret. Any valuable commercial information that provides a business with an advantage over competitors who do not have that information. In general terms trade secrets include inventions, ideas, or compilations of data that are used by a business to make itself more successful.
A disclosing party could conceivably disclose information that isn’t proprietary but is nevertheless information that it would want to keep confidential, for example information that had been disclosed to it under an NDA. So my default mode would be to omit proprietary from a definition of Confidential Information.
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A trade secret is a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information not generally known or reasonably ascertainable by others by which a business can obtain an economic advantage over competitors or customers. In some jurisdictions, such secrets are referred to as confidential information
(2) Nondisclosable confidential business information is privileged information, classified information, or specific information (e.g., trade secrets) of a type for which there is a clear and compelling need to withhold from disclosure. Special rules for the handling of such information are set out in § 206.17 and § 207.7 of this chapter.