This form is a Employee Confidentiality and Invention Assignment Agreement for use with employee inventors exposed to commercial trade secrets or other confidential information as part of their job.
Colorado Employee Confidentiality and Invention Assignment Agreement
State:
Multi-State
Control #:
US-TS8033
Format:
Word;
PDF;
Rich Text
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How to fill out Employee Confidentiality And Invention Assignment Agreement?
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FAQ
Colorado Revised Statutes Title 8. Labor and Industry § 8-2-113. Unlawful to intimidate worker--agreement not to compete. (1) It shall be unlawful to use force, threats, or other means of intimidation to prevent any person from engaging in any lawful occupation at any place he sees fit.
IP assignment agreements are contracts between a business and its personnel that transfer ownership of IP created by the personnel during their employment or engagement with the business. IP can include patents, trademarks, copyrights, and trade secrets.
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.
CIIA agreements?or Proprietary Information and Inventions Assignment agreements as they're also known?play an important role in ensuring that a company's intellectual property (IP) is properly protected.
The act prohibits an employer from entering into, presenting to a worker or prospective worker as a term of employment, or attempting to enforce any covenant not to compete that is void under the act.
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.
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.