The Law Dictionary for Everyone
Proprietary information is information that a company wishes to keep secret. This type of information can include everything from a recipe, to a specific formula, or a design plan that is used to make a company’s products. It can also extend to a company’s salary structure, employment contracts, and marketing plans. An example of proprietary information, in some cases, might […]
Read moreA non disclosure agreement is a legal contract in which the parties involved agree to keep the information included private. This type of contract creates a confidential relationship between the parties, and protects the confidential or proprietary information outlined in the agreement, as breaching a non disclosure agreement generally subjects the party to severe civil penalties. To explore this concept, […]
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