Define: Proprietary Technology

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

Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI

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

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

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