Proprietary information

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Careful, trooper. It is fun to throw around big words, but be aware of what they mean.

“Proprietary”, so our good friends on the world wide web tell us, means of or relating to an owner or ownership. Ownership implies a property right of some sort. In the context of information, that is a slippery concept. Only certain kinds of information may be owned — those that qualify as intellectual property: copyrighted material; patents and trade marks.

You can’t own raw data, or facts, or simple lists of things. Client lists, trading data, a credit history, the economic data from your business — these things may be commercially sensitive, and they may be secret - but they are not proprietary information.

Much of the information you might want to protect in a confidentiality agreement is not intellectual property: Indeed, often that is exactly why you need a confi — the secret is not otherwise protected. If it is not intellectual property then it cannot be “proprietary information”

See also

• Confidential information