Business, Legal & Accounting Glossary
Privately owned and controlled. This can refer to a property, concept or process. The owner is given with exclusive rights.
Relating to an owner or ownership.
All of the software company’s internal department manuals are proprietary and confidential.
The CTO recommended that the company secure the patent on their proprietary business system, so that it could be developed in the future into a marketable product.
The continuous profitability of the company is based on its many proprietary products.
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This glossary post was last updated: 15th February, 2020