Employee Proprietary Information and Inventions Agreement

• Category: Small Business - Business Types and Forms - Corporations - Formation
• State: Multi-State
• Control #: US-ENTREP-00113-2
• Format: Word; Rich Text

Description

Also known as Proprietary Information and Inventions Assignment Agreements (or PIIAAs), Confidential Information and Inventions Assignment AgreementsB ensure that intellectual property and other proprietary rights created by employees during the course of their employment are assigned to the employer. 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.

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.