Proprietary Information

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Also found in: Acronyms.

Proprietary Information

The information, concepts, designs or anything else that sets a business apart from its competitors and that is therefore kept secret. Other examples of proprietary information may include a company's computer systems, employee salaries, and so forth. Proprietary information may always be kept secret and is never subject to public disclosure. For instance, a fried chicken restaurant is never required to reveal the spices used in its recipe. Proprietary information is also called a trade secret.
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