Colorado Assignment - Employee Inventor
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How to fill out Assignment - Employee Inventor?
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FAQ
Colorado courts have held that employers may still acquire ownership rights to an employee invention subsequent to hire, but the employer may need to convey additional consideration (i.e., exchange something of value) to the employee to ensure that the assignment is secure.
Inventions. Employee agrees that all Subject Inventions conceived or first reduced to practice by Employee as part of, or related to, Employee's employment by the Company, and all patent rights and copyrights in and to such Subject Inventions will become the property of the Company.
Who owns the patent? Patent rights belong to the inventor who conceived the invention unless that inventor assigns the patent rights to another, or the courts apply the equitable doctrines of hired-to-invent or shop rights.
I agree that all Inventions that (i) are developed using equipment, supplies, facilities or trade secrets of the Company; (ii) result from work performed by me for the Company; or (iii) relate to the Company's business or current or anticipated research and development, will be the sole and exclusive property of the ...
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.
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.
Proprietary information encompasses virtually anything a business uniquely does or creates. It includes corporate intellectual property with federal protections, such as patents, copyrights, and trademarks, as well as confidential information, know-how, and trade secrets.
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.