Define: Proprietary Technology

How is Proprietary Technology defined in a legal contract?

• Proprietary Technology means unique technical innovations that are legally owned or licensed, and includes innovations that are patented, patent pending, a subject of trade secrets, or copyrighted.
  Seen in 31 SEC filings
• Proprietary Technology means unique tech innovations legally owned or licensed.
  Seen in 23 SEC filings
• Proprietary Technology means all proprietary processes, formulae, inventions, trade secrets, know-how, and other proprietary rights used in the development, license, sale, marketing, distribution or maintenance thereof.
  Seen in 18 SEC filings
• Proprietary Technology means unique technical innovations that are legally owned or licensed.
  Seen in 12 SEC filings
• Proprietary Technology means all source and object code, processes, inventions, trade secrets, know-how and other proprietary rights owned pertaining to any product or service licensed, marketed or sold, or used in the development, license, sale, marketing, distribution or maintenance thereof.
  Seen in 9 SEC filings
• Proprietary Technology means the Intellectual Property held in the the underlying code, or other software product made available as part of the services, including any updates or further development made during the provision of Services.
  Seen in 4 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for ‘Definitions of proprietary technology’ yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Proprietary Technology means unique technical innovations legally owned or licensed, covering patents, trade secrets, software code and copyrights.

Relevant Contract Types

• Software License Agreement
• Technology Transfer Agreement
• Non-Disclosure Agreement
• Intellectual Property Rights Agreement

Relevant Circumstances

• Licensing of technology to another party
• Collaboration between two parties for technical development
• Sale of a business or technology
• Disclosure of technical information to potential investors

Relevant Sectors

• Information Technology
• Telecommunications
• Pharmaceutical
• Analytics

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