Proprietary Interest
/prəˈpraɪəˌtɛri ˈɪntərɪst/
Definitions
- (n.) A legal right, claim, or interest that a person holds in property, which may be tangible or intangible, recognized and enforceable under property law.
The tenant's proprietary interest in the leased property was protected by the lease agreement.
- (n.) An exclusive right or interest in goods, inventions, or information, typically protected by intellectual property laws or contracts.
The company asserted its proprietary interest in the novel technology they developed.
Forms
- proprietary interest
- proprietary interests
Related terms
See also
Commentary
Proprietary interest differs from mere contractual rights as it usually entails a recognized interest in property itself, enforceable against third parties rather than only between contracting parties.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.