Intellectual Property (IP) refers to legal rights that result from intellectual activity in industrial, scientific, literary, or artistic fields. It encompasses patents, trademarks, copyrights, and trade secrets, providing creators and inventors exclusive rights to their innovations.
A non-compete agreement restricts parties from entering into competition within a specific market or industry. These agreements are often used to protect business interests and trade secrets.
A covenant not to compete is a contractual promise to refrain from conducting business or professional activities similar to those of another party, often found in employment, partnership, or sale of business agreements.
Proprietary information refers to knowledge or data owned by a particular person or entity, often protected under trade secret laws and not disclosed publicly.
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