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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.
When you hire employees, it's important for you to protect your company. 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.
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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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.