proprietary
Definition
Proprietary refers to something that belongs exclusively to a specific person or business, like a secret recipe, a unique process, or specialized software that only you own and control. When something is proprietary, other people cannot freely use, copy, or share it without your permission. Think of it as a way of saying 'this is mine and mine alone.'
Example
If your bakery developed a unique frosting formula that customers love, that formula could be considered proprietary information that you keep confidential to maintain your competitive edge.
Watch Out
If you share proprietary information with employees, contractors, or partners without a signed confidentiality agreement, you could lose your legal right to keep that information exclusive.
See which terms appear in your contract?
This definition is for informational purposes only and does not constitute legal advice. Please consult with a licensed attorney for legal guidance.