An Employee Proprietary Information and Inventions Agreement (EPITA) is an agreement between an employer and employee that establishes the rights and responsibilities of each when it comes to proprietary information and inventions developed by the employee while employed. This agreement is designed to protect the employer’s confidential information and intellectual property while providing the employee with reasonable compensation if they develop something of value. There are two main types of Employee Proprietary Information and Inventions Agreements: non-disclosure agreements and employee invention assignment agreements. A non-disclosure agreement is an agreement that prevents an employee from revealing confidential information or trade secrets owned by the employer. This agreement outlines what information is considered confidential, the time period of the agreement, and the recourse for any breach of the agreement. An employee invention assignment agreement is an agreement that assigns all intellectual property rights to the employer for any inventions created by the employee while employed. This agreement outlines the ownership rights for any inventions created, the compensation the employee may receive, and the recourse for any breach of the agreement.
Employee Proprietary Information and Inventions Agreement
Description
How to fill out Employee Proprietary Information And Inventions Agreement?
US Legal Forms is the most simple and profitable way to find appropriate formal templates. It’s the most extensive online library of business and personal legal documentation drafted and verified by legal professionals. Here, you can find printable and fillable templates that comply with national and local laws - just like your Employee Proprietary Information and Inventions Agreement.
Obtaining your template requires only a few simple steps. Users that already have an account with a valid subscription only need to log in to the web service and download the document on their device. Afterwards, they can find it in their profile in the My Forms tab.
And here’s how you can get a professionally drafted Employee Proprietary Information and Inventions Agreement if you are using US Legal Forms for the first time:
- Look at the form description or preview the document to make certain you’ve found the one corresponding to your demands, or find another one utilizing the search tab above.
- Click Buy now when you’re sure of its compatibility with all the requirements, and choose the subscription plan you like most.
- Create an account with our service, log in, and pay for your subscription using PayPal or you credit card.
- Select the preferred file format for your Employee Proprietary Information and Inventions Agreement and download it on your device with the appropriate button.
Once you save a template, you can reaccess it anytime - simply find it in your profile, re-download it for printing and manual fill-out or upload it to an online editor to fill it out and sign more efficiently.
Take full advantage of US Legal Forms, your trustworthy assistant in obtaining the required official paperwork. Give it a try!
Form popularity
FAQ
Proprietary information, also known as a trade secret, is information a company wishes to keep confidential.
Therefore, the PIIA is the employee's agreement that everything created by the employee for the employer is owned by the employer, and if the employer needs the employee to do anything or sign any document to confirm that the employer owns all the rights in the intellectual property developments, the employee agrees in
disclosure agreement (NDA), also sometimes referred to as a confidential disclosure agreement (CDA) or a proprietary information agreement (PIA), is a legal contract between at least two parties which outlines confidential materials or knowledge.
What is a Proprietary Information And Inventions Agreement? A proprietary information and inventions agreement is a legal agreement between a company and typically its employee put in place to protect any exclusive and intellectual property of the company.
Proprietary Documents means all data, designs, drawings, blueprints, tracings, sketches, plans, layouts, specifications, models, programs, cards, tapes, disks, printouts, writings, manuals, guides, notes and any and all other memoranda, including without limitation any and all written information which may be or has
A proprietary information agreement is a legally binding contract that determines terms and conditions between parties that ensures they will not share or disclose confidential company information or intellectual property.
The general rule is that you own the patent rights to an invention you create during the course of your employment unless you either: signed an employment agreement assigning invention rights, or. were specifically hired (even without a written agreement) for your inventing skills or to create the invention.
Definition(s): The information must have been developed by the company and not be available to the Government or to the public without restriction from another source.