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Proprietary technologies are any types of systems, tools, or technical processes that are developed by and for a specific business entity. Technologies of this type are often developed as part of the ongoing research efforts of a business, but may also come about due to the ingenuity of employees who serve in positions not directly connected with the research and development effort. In any event, the ideas developed and submitted by employees are usually considered the intellectual property of the employer, thus allowing them to qualify as proprietary technology.
It is important to note that proprietary technology may be developed for exclusive use within the company, or be used to create a product that provides the business with an absolute advantage in the marketplace. For example, if a business develops a specific formula for a cleaning agent that uses ingredients not used by similar products, there is a good chance that new cleaner would allow the business to capture additional market share, based on the uniqueness of the formula. Since the formula uses ingredients that are unique in the industry, it would be possible to patent the formula and thus hold proprietary rights to the use of that formula.
Thanks,
craig wilson and company patent agents canada
1081 BLOOR ST.WEST
SUITE 303
TORONTO,ON M6 H1M5
Proprietary technologies are any types of systems, tools, or technical processes that are developed by and for a specific business entity. Technologies of this type are often developed as part of the ongoing research efforts of a business, but may also come about due to the ingenuity of employees who serve in positions not directly connected with the research and development effort. In any event, the ideas developed and submitted by employees are usually considered the intellectual property of the employer, thus allowing them to qualify as proprietary technology.
It is important to note that proprietary technology may be developed for exclusive use within the company, or be used to create a product that provides the business with an absolute advantage in the marketplace. For example, if a business develops a specific formula for a cleaning agent that uses ingredients not used by similar products, there is a good chance that new cleaner would allow the business to capture additional market share, based on the uniqueness of the formula. Since the formula uses ingredients that are unique in the industry, it would be possible to patent the formula and thus hold proprietary rights to the use of that formula.
Thanks,
craig wilson and company patent agents canada
1081 BLOOR ST.WEST
SUITE 303
TORONTO,ON M6 H1M5