What type of information is not considered confidential/proprietary?

Jun 28, 2018Uncategorized

Q: When the contract requires protection of confidential/proprietary information, what information may not fall into that category?

A:  Keeping in mind that this is not an all-inclusive list, following are some examples of information that may not be truly confidential or proprietary:

  • Information that was known to you previously but not protected as confidential
  • Information that is in the public domain
  • Information that you may be legally or ethically obligated to disclose
  • Information that needs to be shared with subconsultants or your own employees
  • Information that you have a right to retain as part of your project records

 Q: What is considered proprietary information?

According to Inc.,proprietary information, also known as a trade secret, is information a company wishes to keep confidential. Proprietary information can include secret formulas, processes, and methods used in production.

Q: Does Risk Specialty Group review contracts?

A: Yes, the Risk Specialty Group can review your contracts and help you navigate risk from an insurance standpoint, but always be sure to review your contract with a knowledgeable attorney.

To learn about our Insurance Offerings and our Risk Management program, visit our website or Contact us today at 713-552-1900. Be sure to have a lawyer or licensed Risk Manager review your contracts for insurability and other risk implications.