Define proprietory software

DeFi systems remove the middleman financial services View Full Term. By clicking sign up, you agree to receive emails from Techopedia and agree to our Terms of Use and Privacy Policy. Proprietary software is any software that is copyrighted and bears limits against use, distribution and modification that are imposed by its publisher, vendor or developer. In general, proprietary software doesn't provide end users or subscribers with access to its source code. It can be purchased or licensed for a fee, but relicensing, distribution or copying is prohibited.

Most software is proprietary software and is produced by an independent software vendor ISV. Find more terms and definitions using our Dictionary Search.

Proprietary Software PS appears in:. Handbook of Research on Open Source Software Search inside this book for more research materials. Recommend to a Librarian Recommend to a Colleague. Looking for research materials? Search our database for more Proprietary Software downloadable research papers. Full text search our database of , titles for Proprietary Software PS to find related research papers.

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Please contact us. Sample 2. Examples of Business Proprietary Software in a sentence Licensee is willing to convey or cause its Subsidiaries to convey to Licensor and its Affiliates i a nonexclusive limited license to Designated Spinco Statutory Intellectual Property, ii all right, title and interest of Licensee and its Subsidiaries, if any, in and to Customer Listing Data, and iv an undivided joint ownership interest to the Spinco Non-Statutory Intellectual Property, Business Proprietary Software and Proprietary Business Information.

Proprietary Software means computer software developed for and owned by the Failed Bank for its own purpose and use. Company Proprietary Software means all Software owned by the Company.

Business Software means with respect to a Licensor, all Software to the extent Controlled by such Licensor or any member of its Group as of the Effective Date , including all Know-How and Copyrights therein but not in respect of any data included in any databases , that is used or held for use in, as of the Effective Date, the conduct of i the Spinco Business if the Licensee is Spinco, or ii the Remainco Business if the Licensee is Remainco, in each case in respect of the foregoing i and ii , only if and to the extent such Licensee or any member of its Group have not been granted a license or other rights to use such Software under the Separation Agreement or any other Ancillary Agreement.

Third Party Software means software which is proprietary to any third party other than an Affiliate of the Contractor which is or will be used by the Contractor for the purposes of providing the Services.