Legal Definition
Privileged information refers to specific, often confidential or proprietary, information that is legally protected under a court order or statute, granting the holder exclusive rights to certain data or knowledge. This protection ensures that critical business or legal insights remain shielded from unauthorized disclosure during litigation or regulatory proceedings.
Plain-English Translation
Imagine this is secret information that the law says must be kept safe. It's like knowing a special secret about a case or a company's secrets, and the law protects it so that important facts don't get leaked to the wrong people.