For example, let's say a biotech company successfully develops a new drug to treat a major disease. By patenting the process, method and end result of the drug, the company is able to reap substantial rewards from its efforts to develop its proprietary technology.
In some industries, proprietary technologies are a key determinant of success. As a result, they are guarded closely within a corporation and are protected legally by patents and copyrights.
Investment dictionary. Academic. 2012.
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Proprietary technology — is a process or solution that belongs exclusively to a particular organization, and is meant to be used exclusively for that organization s benefit.Proprietary Technology is to technical solutions what Registered Trademark is to proper… … Wikipedia
Proprietary — The word proprietary indicates that a party, or proprietor, exercises private ownership, control or use over an item of property.Terms relating to Proprietary include: *Proprietary bottling *Proprietary church *Proprietary colleges *Proprietary… … Wikipedia
proprietary — [[t]prəpra͟ɪ͟ətri, AM teri[/t]] 1) ADJ: ADJ n Proprietary substances or products are sold under a trade name. [FORMAL] ...some proprietary brands of dog food... We had to take action to protect the proprietary technology. Ant: generic 2) ADJ… … English dictionary
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