Proprietary software code is software that is usually owned by the person or firm who has developed it. Typically, there are restrictions in place regarding its use and the underlying source code for the software is a closely guarded secret. Software code can be very valuable, and is often hard to patent, meaning that it can lack the protection that registered IP receives. Software code can contain algorithms, data analysis properties or data consolidation and can often be just as valuable as the software it might relate to.
Some examples of well-known proprietary software coded products include:
- Apple’s iOS mobile operating system
How Does Proprietary Software Code Apply to Me?
Although the source code itself will automatically be protected by copyright, provided it is original code that has not been copied from another source, protection does not extend to the ideas behind the software. It may be worthwhile for your company to undertake risk mitigation measures in relation to source code and software specifications to keep them confidential and limit the possibility of infringement.
Learn more about your proprietary software rights and how you can fully protect them. Contact us today to learn more. While you’re here you can also read up on formal intellectual properties such as copyrights, designs, and trademarks and informal intellectual properties. We also offer more information about intellectual property sold and IP assets for sale too!