![]() It can also include business and marketing plans, customer lists, contracts, and particulars of computer systems. Proprietary information can include secret formulae, processes, and methods used in production or goods and services. Proprietary information, also known as confidential information or trade secrets, is information of commercial value that is not in the public domain and which is usually regarded as the property of a party who desires to keep such information secret, confidential or away from the public domain. But first, it is necessary to understand the meaning and nature of proprietary information. Hence, I would like to shed light on some measures that can be implemented to prevent and or curtail unauthorised use of proprietary information. The client’s reaction reiterated how distasteful it is for proprietary information to fall into the wrong hands. The client was so sure that the ex-employees had disclosed information relating to the business model to the competitor even before terminating their employment with him. The client’s competitor had even started working on a project using a particular business model some of the client’s ex-employees had helped developed whilst under employment with the client. Apparently, the matter was quite severe, given that some of the client’s key personnel had resigned without notice, to join a competitor, taking with them valuable information about the client, its business processes and strategies. It was a matter of suspected corporate espionage and unauthorised use of proprietary information. The client appeared to be in panic mode, so my colleague rushed off to meet with him, leaving his unfinished grilled chicken and avocado salad behind.Īt the office the next day, the report my colleague gave me when I asked what warranted the urgent meeting between him and the client, made me understand why the client had gone into panic mode. ![]() Recently, a colleague and I were having dinner on a Sunday evening when he got an SMS from a new client operating in the tech space asking to meet urgently.
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