Oregon At-Will Employment and Confidential Information Agreement and Invention Assignment
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FAQ
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.
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.
For an IP assignment to be valid and enforceable, there must be a valid contract. For a contract to be effective, there must be an offer, acceptance, and proper consideration.
As a general rule, an employer will own the intellectual property created by its employees in the course of their employment. However, intellectual property that is created by an employee, other than in the course of employment, is owned by the employee, not the employer.
The court held that no additional consideration beyond the continuation of at-will employment is required to support an employee's assignment of inventions (and other intellectual property) to the employer.
CONFIDENTIAL INFORMATIONOWNER agrees to disclose INFORMATION to RECIPIENT to facilitate possible future business dealings between the parties.
Thus, the employee is giving up a legal right and needs to get something (some consideration) from the employer in exchange. In many states, such as New York, employment or continued employment is considered sufficient consideration.
An invention assignment agreement is a contract in which an employee or independent contractor assigns intellectual property rights for their services to the company. These agreements typically appear in other employment documents such as confidentiality agreements or an independent contractor agreement.
A confidentiality and inventions agreement or CIAA helps protect your company's confidential information and ensures that the company owns any work created by an employee during his or her employment.
A Confidential Information and Invention Assignment Agreement is an agreement between a company and its employees, contractors, consultants, and business partners. It details how a company's confidential information and intellectual property is to be handled.