Is proprietary information the same as intellectual property?

In fact, a company may view as proprietary virtually everything it does or creates, even if some of it is not protectable as a form of intellectual property. For example, a company's philosophy of customer management may be considered proprietary, even though the philosophy itself may not be protectable in any way.

What is confidential proprietary information?

Proprietary and Confidential Information means any information of the Business that is not generally known to the public or to the Seller's competitors in the industry, is used in the Business, and gives the Business an advantage over businesses that do not know the information.

Fairfax Virginia Research, Development and Distribution Agreement regarding the Development, Marketing and Servicing of Wireless Telecommunications Products

Name: Fairfax Virginia Research, Development and Distribution Agreement regarding the Development, Marketing and Servicing of Wireless Telecommunications Products
Brand: US Legal Forms
Rating: 4.64 (375 reviews)

Category:

Corporations - Public - Research

State:

Multi-State

County:

Fairfax

Control #:

US-EG-9513

Format:

Instant download

Description

Research, Development and Distribution Agreement between Innovative Global Solution, Inc. and LG Electronics, Inc. regarding the development, marketing and servicing of wireless telecommunications products dated February 17, 1997. 22 pages.

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How to fill out Fairfax Virginia Research, Development And Distribution Agreement Regarding The Development, Marketing And Servicing Of Wireless Telecommunications Products?

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FAQ

Proprietary Information shall mean information (whether now existing or hereafter created or acquired) developed, created, or discovered by the Company, or which became known by, or was conveyed to the Company, which has commercial value in the Company's business.

13. Proprietary means a good or service that is used, produced, or marketed under exclusive legal right of the inventor, maker or service provider that is protected under trade secret, patent, trademark, or copyright law.

Proprietary refers to property: things that are owned by individuals or businesses. People talk about proprietary drugs, proprietary software, and other things that can only be made and sold by those who discovered or created them. A proprietary claim is usually protected by trademark or copyright.

Examples of Proprietary Data Data subject to a copyright. Data given or sold with a licensing agreement that limits distribution. Data sealed from release by a court order. Data collected as part of a cooperative agreement with an entity that limits the rights of distribution.

In fact, a company may view as proprietary virtually everything it does or creates, even if some of it is not protectable as a form of intellectual property. For example, a company's philosophy of customer management may be considered proprietary, even though the philosophy itself may not be protectable in any way.

For many companies, proprietary information can be most valuable in its intellectual property portfolio. Unlike copyrights or trademarks, the value of proprietary information is derived in large part from its secrecy.

Trade secrets and confidential information are perhaps the most difficult forms of intellectual property to protect internationally.

In general, for information to be considered proprietary, companies must treat it as confidential. Courts will not treat information readily available in public sources as proprietary.

Proprietary and Confidential Information means any information of the Business that is not generally known to the public or to the Seller's competitors in the industry, is used in the Business, and gives the Business an advantage over businesses that do not know the information.

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Fairfax Virginia Research, Development and Distribution Agreement regarding the Development, Marketing and Servicing of Wireless Telecommunications Products

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