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Intellectual property (IP) refers to creations of the mind: inventions; literary and artistic works; and symbols, images, names and logos used in commerce. Businesses are often unaware that their business assets include IP rights.
I agree that, at the time of leaving the employ of the Company, I will deliver to the Company (and will not keep in my possession, recreate or deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings, blueprints, sketches, materials, ...
Your intellectual property includes the intangible assets you create for your business, such as names, designs, and automated processes. And just like tangible possessions ? like supplies, equipment, buildings, and inventory ? your intellectual property contributes to the value and success of your business.
Intellectual Property Law includes patents, copyrights, trademarks, and trade secrets. All of these areas are related in that they deal with protecting products of the mind but in other ways they are very different.
Your IP clause should: provide a broad definition of IP so that your rights are not limited; cover all kinds of IP, whether or not they are registered; protect violations of your IP rights in other jurisdictions; provide certainty as to protect all products developed by your business; and. secure your company branding.