Proprietary Technology Law and Legal Definition
Proprietary Technology is the technology that is unique and legally owned by an enterprise. The technology may be integral to the product or service being offered by the enterprise or it may be used in the production of the product or service. Companies that are able to develop useful proprietary technologies in-house are rewarded with a valuable asset. They can either use it exclusively or profit from the sale of licensing of their technology to other parties. In some industries, proprietary technologies are a key determinant of success. As a result, they are guarded closely within a corporation and are protected legally by patents and copyrights.
Legal Definition list
Related Legal Terms
- 21st Century Nanotechnology Research and Development Act of 2003
- Advanced Shipbuilding Technology
- Advanced Technology User Facility
- Advanced Technology Vehicle
- Agency for Instructional Technology [AIT]
- Alternative Reproductive Technology[ART]
- Assisted Reproductive Technology
- Assistive Technology Device
- Assistive Technology Service
- Best Available Control Technology
