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Proprietary Information

   Also found in: Dictionary/thesaurus, Legal, Acronyms, Encyclopedia, Wikipedia 0.02 sec.
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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The FDA keeps inspection reports confidential because of proprietary information they contain.
In this modern age of the internet, companies must take special care to keep their proprietary information secure from theft and corruption if they are to remain viability competitive in today's volatile and global marketplace.
Other than that, there are a number of commercial concerns which are more important the medical device manufacturers need to consider in choosing the right partner: - Protection of proprietary information of the medical device manufacturer; - Logistic arrangement of the final products; - Financial status of the contract manufacturer; - Communication ability of the staff of the contract manufacturer.
 
 
 
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