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.
District of Columbia 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
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.
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.
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 ...
The purpose of a confidentiality clause in an employment contract is to ensure that the employee does not share confidential information/business secrets with others, such as a competitor for instance. This obligation applies both during and after the termination of employment.
A Confidential Information and Invention Assignment Agreement requires that all confidential information disclosed remains confidential, and that anything created, or improved upon, on behalf of the company will be exclusively owned by the company.
An employee confidentiality agreement, or non-disclosure agreement or an ?NDA,? makes it crystal clear to an employee that he or she cannot under any circumstance, with the exception of prior written approval, disclose company secrets.
Whereas NDAs are often used in business and legal settings to protect trade secrets, client lists, and financial data, confidentiality agreements are typically devised in employment or personal situations to protect sensitive information.
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.