Legal Definition of Proprietary rights: Rights and privileges of an owner of property | Learn about the legal concept of proprietary rights and how they protect property owners. Discover examples of proprietary rights, such as real estate ownership, intellectual property, and business assets. Explore the importance of understanding and asserting these rights for business owners, including protecting investments, encouraging innovation, establishing fair competition, and enforcing legal remedies. Enhance your understanding of proprietary rights and ensure the long-term success of your business