What is proprietary information?

Proprietary information refers to any type of information that is owned and controlled by an individual or organization. This information is considered valuable and is kept confidential in order to maintain a competitive advantage in the marketplace. Examples of proprietary information include trade secrets, patents, copyrights, and confidential business information. Companies often go to great lengths to protect their proprietary information through techniques such as non-disclosure agreements, restricted access, and intellectual property rights. Unauthorized disclosure or use of proprietary information can lead to legal action and potential financial losses for the affected party.