Proprietary

From WikiMD's Food, Medicine & Wellness Encyclopedia

Proprietary refers to a party or entity that has the legal ownership or rights to a property, product, or idea. The term is often used in various fields, including business, law, and technology. In the context of intellectual property, proprietary indicates that a party has the exclusive rights to a certain product or idea, often protected by patents, trademarks, or copyrights.

Business[edit | edit source]

In the business world, proprietary refers to products or services that are owned by a company and can only be used or distributed by that company. For example, a software company may develop proprietary software that can only be used by its customers and cannot be freely distributed or modified by others. This is in contrast to open-source software, which can be freely used, modified, and distributed by anyone.

Law[edit | edit source]

In law, proprietary refers to the ownership rights of a person or entity over a property. This can include both tangible properties, such as land or buildings, and intangible properties, such as intellectual property rights. Proprietary rights are often protected by law and can be transferred or sold to others.

Technology[edit | edit source]

In the field of technology, proprietary often refers to technology or software that is owned and controlled by a single company or entity. This can include proprietary software, hardware, or technology standards. Proprietary technology is often protected by patents or copyrights, and its use is typically restricted to the owner or licensed users.

See also[edit | edit source]

Proprietary Resources
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Contributors: Prab R. Tumpati, MD