Employee Invention Agreement

State:
Multi-State
Control #:
US-01647
Format:
Word; 
Rich Text
Instant download

Description Employee Agreement Contract

This form is for an employee invention and confidentiality agreement. For use by a company to retain ownership of any inventions, patents, etc, developed by an employee in the course of employment. Adapt to fit your circumstances.

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Invention Agreement Other Form Names

Piia Document   Employee Agreement Template   Employee Invention Document   Employee Information Shall   Agreement Information Invention   Employee Invention Form   What Is A Piia Agreement  

Company Information Invention FAQ

Employment relationships, intellectual property and ownership of newly developed ideas may feel like a gray area, but there are some very clear laws defining it all. Typically, employers are entitled to all intellectual property created at/for their business, unless there exists a contract stating otherwise.

Excluded Inventions means any information (including, without limitation, business plans and/or business information), technology, know-how, materials, notes, records, designs, ideas, inventions, improvements, devices, developments, discoveries, compositions, trade secrets, processes, methods and/or techniques, whether

It is understood that all Inventions, if any, patented or unpatented, which Employee made prior to the date that the Company and Employee entered into this Agreement, are excluded from the scope of this Agreement.

PIIA is the acronym for the most common name for these agreements, ''proprietary information and invention assignment'' agreements.The agreement also requires that the employee agree that whatever the employee creates, discovers, develops or invents while employed with the company is owned by the company.

So, be aware that your employer may consider your side hustle and all the proceeds from it to be theirs unless you make it legally clear otherwise.

First, if you're in California, Labor Code § 2870 puts significant limits on what your employer can claim, regardless of the contract. Basically, they can't claim anything you developed before you arrived or anything that's unrelated to their business (unless you used their facilities to develop it).

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.

A Proprietary Information Agreement is a legally binding contract that stipulates that a number of parties must not disclose confidential supplies, data, or information as outlined by the contract to a different third party.

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.

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Employee Invention Agreement