Proprietary Information

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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.
References in periodicals archive ?
THE LEGAL CHALLENGES OF PREVENTING TRADE SECRET THEFT
Both the academic and corporate communities have sought to stem the tide of trade secret theft through the implementation of aggressive organizational security programs (Boni, 1999; Thompson et al., 2015; CERT Insider Threat Center, 2016; Fitzpatrick & Dilullo, 2015).
You should also have a company-wide trade secret policy in place and make sure all your employees are familiar with it.
What they are after is what makes their companies what they are, their trade secrets!
Thus, any business with confidential, valuable information should develop its cybersecurity practices with protection of its trade secrets in mind.
Trade secrets can be almost any business information that is valuable because it is secret.
Additional problems are related to the fact that federalization would not resolve the choice-of-law problems because the resolution of trade secret claims often depends upon other areas of state law, including contract, employment, and tort.
The first one, for what concerns the opportunity granted to a legitimate trade secret holder to seek the destruction of goods manufactured by third parties who use such trade secrets unlawfully The second one, for the calculation of damages since not all the Member States allowed such calculation to be determined by the reasonable royalty or fee which could have been granted through a license with the trade secrets holders.
source code held as a trade secret brought to courts in violation of the
trade secret law and an examination of the legal elements of Section
It also notably omits any requirement that a trade secret plaintiff describe its trade secrets with particularity, which helps to protect the sensitive trade secret information after prosecution of the offender.
Pardue has represented large and small companies in disputes involving contracts, fraud, trade secrets, trademark, copyright, employment and business torts.