Proprietary Information And Inventions Agreement Template
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How to fill out Proprietary Information And Inventions Agreement Template?
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FAQ
An invention assignment agreement is a contract in which an employee or independent contractor assigns intellectual property rights for their services to the company. These agreements typically appear in other employment documents such as confidentiality agreements or an independent contractor 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.
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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