Proprietary Information: Definition, Example and Related Terms
What is Proprietary Information ?
Proprietary information is like a person's very own invention or idea that no one else has. It's something special that belongs just to them, like a secret clubhouse rule or a unique way to solve a puzzle.
- A toy company creates a new board game and keeps how they made it secret so no other company can make one just like it.
- A car company has a special machine that makes cars faster and they keep how it works a secret.
- A smartphone app developer has a code that makes their app super easy to use, and they don't share this with other developers.