Alaska Confidentiality Agreement for Invention

State:
Multi-State
Control #:
US-509EM-14
Format:
Word; 
Rich Text
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FAQ

An invention non-disclosure agreement is a useful tool for preventing anyone from being able to steal your invention. If you have an idea for a product, but have not yet executed the idea, an NDA can be very valuable.

Proprietary Information means any information of a proprietary, confidential or secret nature that may be disclosed to the Executive that relates to the business of the Company or of any parent, subsidiary, Affiliate, customer or supplier of the Company or any other party with whom the Company agrees to hold

An agreement between an employer and an employee concerning confidentiality and appropriate handling of the employer's commercially valuable information, compliance with relevant security rules and policies, and protection of the employer's intellectual property assets.

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.

A patent or invention non-disclosure agreement is a unilateral (1-way) agreement that is used to protect an invention. Due to the confidential nature of an unexecuted idea for a product, an NDA can be essential for an inventor when sharing confidential information to 3rd parties.

Proprietary information can include secret formulas, processes, and methods used in production. It can also include a company's business and marketing plans, salary structure, customer lists, contracts, and details of its computer systems.

Confidential or Proprietary Information means any information or data disclosed by either the Company or the Contracting Party (each a Disclosing Party) to the other party (each a Recipient), including, but not limited to, (i)technology, ideas, concepts, drawings, designs, inventions, discoveries, improvements,

The purpose of a Non-Disclosure Agreement An NDA creates the legal framework to protect ideas and information from being stolen or shared with competitors or third parties. Breaking an NDA agreement triggers a host of legal ramifications, including lawsuits, financial penalties, and even criminal charges.

disclosure agreement is a legally binding contract that establishes a confidential relationship. The party or parties signing the agreement agree that sensitive information they may obtain will not be made available to any others. An NDA may also be referred to as a confidentiality agreement.

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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Alaska Confidentiality Agreement for Invention