What is a piia agreement?

PIIA is the acronym for the most common name for these agreements, ''proprietary information and invention assignment'' agreements. The typical form of agreement addresses two main areas: confidentiality and ownership of intellectual property.

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Letter Agreement Between Company and Inventor Relating to Submission...

Sacramento California Letter Agreement Between Company and Inventor Relating to Submission of Idea for Appraisal

Name: Sacramento California Letter Agreement Between Company and Inventor Relating to Submission of Idea for Appraisal
Brand: US Legal Forms
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Contracts - Company

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Sacramento

Control #:

US-1011BG

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The American Inventors Protection Act of 1999 gives you certain rights when dealing with invention promoters. Before an invention promoter can enter into a contract with you, it must disclose the following information about its business practices during the past five years:

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In the absence of a written agreement, an employee's patentable inventions may not belong to the employer, except in special circumstances. The employee employer relationship does not necessarily entitle the employer to ownership of inventions made by the employee.

Patent exception While in many cases an employer can end up owning intellectual property created by an employee, there are some scenarios where employees can claim compensation. In fact, employees can share compensation for inventions of "outstanding benefit" for the employer.

PIIA is the acronym for the most common name for these agreements, ''proprietary information and invention assignment'' agreements. The typical form of agreement addresses two main areas: confidentiality and ownership of intellectual property.

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.

The Parties agree that all Work Product, information or other materials created and developed by Officer in connection with the performance of the Services under this Agreement and any resulting intellectual property rights are the sole and exclusive property of the Company.

The agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information and assigns all relevant work product to the company during the signors employment with the company.

Specifically, employment agreement provisions requiring the assignment of inventions conceived by (former) workers post-employment, without use of the employer's confidential information, are not permitted in California.

With this investment, it should come as no surprise that employers generally 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.

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 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.

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Sacramento California Letter Agreement Between Company and Inventor Relating to Submission of Idea for Appraisal

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