Privileged communication is information/communication shared with only a few people for furthering certain purposes.
This is an extensive form for execution by employees, where the employee agrees to keep various information used by the company confidential. The employee also agrees that various inventions and ideas developed by the employee related to the business of the company are deemed owned by the company. Such an agreement is especially important for technology companies.
It is a common practice for employers to require employees involved in research and development or other technical work to sign agreements assigning in advance to the employer their ownership interest in any inventions they create while employed.
Kentucky Confidential Information and Invention Assignment
State:
Multi-State
Control #:
US-0023BG
Format:
Word;
Rich Text
Instant download
Description
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FAQ
Prior Inventions means all inventions, original works of authorship, developments and improvements which were made by Recipient, alone or jointly with others, prior to Recipient's employment, association or other engagement with the Company or any affiliate thereof.
An inventions assignment agreement is a typical feature of an independent contractor or employee agreement where the worker agrees to assign any intellectual property rights arising from the worker's services to the company.
Also known as Proprietary Information and Inventions Assignment Agreements (or PIIAAs), Confidential Information and Inventions Assignment Agreements ensure that intellectual property and other proprietary rights created by employees during the course of their employment are assigned to the employer.
A technology assignment agreement assigns your startup any intellectual property before you form the company. The developer(s) may retain individual intellectual property rights under certain circumstances, or they may sell the rights to you for equity or cash.
Excluded Inventions means any Vendor intellectual property existing prior to beginning work on any statement of work or any intellectual property that was developed entirely on Vendor's own time and without the use of any Customer equipment, supplies, facilities or Confidential Information.
Typically, this type of agreement requires the employee to disclose any such inventions to the employer, to "assign" (legally transfer) ownership rights in such inventions to the employer, and to assist the employer in getting a patent on any such inventions.
Retained Invention means an invention or discovery made by any employee or consultant of Grantor or is Subsidiaries in connection with the conduct of the MiC Business or CloudLink Activities during the two-year period immediately preceding the date of this Agreement that has been disclosed in an invention disclosure
Excluded Developments means any Development that meets the following requirements: an invention for which no equipment, supplies, facility, or Confidential Information of the employer was used and which was developed entirely on the employee's own time, unless the invention relates (A) directly to the business of the
Prior Inventions means all inventions, original works of authorship, developments and improvements which were made by Recipient, alone or jointly with others, prior to Recipient's employment, association or other engagement with the Company or any affiliate thereof.
An invention assignment agreement is a contract that gives the employer certain rights to inventions created or conceptualized by the employee during the employment relationship.