What is the meaning of proprietary and confidential information?
Confidential information is information that has been kept confidential by the disclosing party (so that it could also be a third partys confidential information). Proprietary information dictates not only secrecy, but also economic values that have been reasonably protected by their owner.
What does a companys proprietary information include?
Proprietary Information shall include, but not be limited to, domain names, trade secrets, copyrights, ideas, techniques, know-how, inventions (whether patentable or not), and/or any other information of any type relating to designs, configurations, toolings, documentation, recorded data, schematics, circuits, mask
What does it mean when company information is confidential and proprietary?
Confidential and Proprietary Information means information not generally known to the public and which is proprietary to Employer and relates to Employers existing or reasonably foreseeable business or operations, including but not limited to trade secrets, business plans, advertising or public relations strategies,
What is an example of confidential and proprietary information?
Confidential or Proprietary Information means any information or data disclosed by either the Company or the Contracting Party (each a Disclosing Party) to the other party (each a Recipient), including, but not limited to, (i)technology, ideas, concepts, drawings, designs, inventions, discoveries, improvements,
What is an example of a proprietary document?
Proprietary information can include secret formulas, processes, and methods used in production. It can also include a companys business and marketing plans, salary structure, customer lists, contracts, and details of its computer systems.
What is a companys proprietary information?
Proprietary information can include any type of unique data that businesses seek to protect, such as financial information, marketing information, research and development knowledge or manufacturing data.
What steps should a company take to protect its proprietary information?
Implement Robust Legal Safeguards: Non-Disclosure Agreements (NDAs): Use NDAs to legally bind employees, contractors, and business partners to confidentiality agreements. Clearly outline the scope and duration of confidentiality to prevent unauthorized disclosure.
What does company confidential information mean?
Company Confidential Information means information known to the Executive to constitute trade secrets or proprietary information belonging to the Employer or other confidential financial information, operating budgets, strategic plans or research methods, personnel data, projects or plans, or non-public information
