proprietary information agreement definition
A proprietary agreement is a legal agreement between two parties regarding how information will be handled and shared. The exact conditions of the agreement may vary but it is usually an agreement of non-disclosure of information.Non-disclosure means that the person or business receiving the information is forbidden from sharing it with any third parties without permission from the party disclosing the information.he exact conditions of the agreement may vary but it is usually an agreement of non-disclosure of information. Non-disclosure means that the person or business receiving the information is forbidden from sharing it with any third parties without permission from the party disclosing the information.