Define: Proprietary System

How is Proprietary System defined in a legal contract?

• Proprietary System means a system or systems for the electronic trading, clearing and settlement of transactions related to securities or derivatives. Seen in 9 SEC filings
• Proprietary System means a system that is patented, trademarked or otherwise the intellectual property of manufacturers and is not in the public domain. Seen in 7 SEC filings
• Proprietary System means a wastewater treatment method that holds a patent or trademark. Seen in 3 SEC filings
• Proprietary System means an alarm system that sounds and/or records alarm and supervisory signals at a control center located within the protected premises. The system is supervised by the proprietor of the protected premises. Seen in 2 SEC filings
• Proprietary System means an alarm system that only sounds or records signals at a control center located within the protected premises and is supervised by the proprietor of the protected system. Seen in 1 SEC filing
• Proprietary System means an alarm system that signals at a control center located within the protected premises under the supervision of the proprietor of the protected premises. Seen in 1 SEC filing
• Proprietary System means an alarm or systems serving contiguous or noncontiguous properties under a single ownership. The system sounds and/or records alarm, supervisory and trouble signals at a supervising station which is under the same ownership as the protected premises. Seen in 1 SEC filing

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 system' 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 System means a patented or trademarked system, controlled by a proprietor, for electronic transitions, treatment, or alarm signaling.

Relevant Contract Types

• Software Licensing Agreement
• Intellectual Property Agreement
• Information Technology Services Agreement
• Manufacturing Agreement
• Patent License Agreement

Relevant Circumstances

• Collaboration between companies regarding a unique system
• Licensing of proprietary software
• Proprietary alarm system installation
• The sale or leasing of a patented wastewater treatment system

Relevant Sectors

• Information Technology
• Manufacturing
• Security Services
• Environmental Services

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