Trade Secrets

Covenant Not to Compete
A covenant not to compete is a contractual promise to refrain from conducting business or professional activities similar to those of another party, found primarily in employment, partnership, or sale of a business contracts.
Proprietary
Proprietary refers to anything that is owned by a particular person or entity. In the realm of trade secrets law, proprietary information is protected information or knowledge where ownership rights are established and are typically safeguarded by contractual agreements, rather than through patents.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.