The Hawaii Proprietary Information and Inventions Agreement is a legal document that outlines the terms and conditions regarding the protection and ownership of proprietary information and inventions created by individuals during their employment or engagement with a specific company or organization in Hawaii. This agreement is commonly used to safeguard a company's intellectual property rights and ensure that proprietary information and inventions remain confidential, even after an employee or contractor's tenure. The Hawaii Proprietary Information and Inventions Agreement typically covers a wide range of areas related to proprietary information and inventions. It clarifies what constitutes proprietary information and invention, including but not limited to trade secrets, patents, trademarks, copyrights, processes, formulas, concepts, software, databases, and any other valuable business-related information that is not publicly available. This agreement establishes the obligations and responsibilities of the employee or contractor with regard to the protection and non-disclosure of proprietary information and inventions. It prohibits the unauthorized use, disclosure, or dissemination of such information to third parties and sets forth provisions for its handling, storage, and protection. The agreement also commonly includes provisions regarding the ownership of proprietary information and inventions. It typically states that any Intellectual Property (IP) created by an employee or contractor during their employment or engagement automatically becomes the sole property of the company or organization. However, it may also outline exceptions or special conditions related to the ownership and licensing of IP, such as specific inventions created by the employee prior to their engagement with the company or inventions created during personal time and unrelated to the company's business. Furthermore, the Hawaii Proprietary Information and Inventions Agreement may address various other aspects such as non-compete and non-solicitation clauses, which restrict an employee or contractor from entering into a similar line of business or soliciting clients or employees from the company for a specified period after termination. It is important to note that while the general principles of Proprietary Information and Inventions Agreement remain consistent, there may be variations in language, terms, and conditions across different companies and organizations in Hawaii. These variations can arise from industry-specific requirements, the nature of the work, or the level of access to proprietary information and inventions. Some possible variations or types of the Hawaii Proprietary Information and Inventions Agreement may include agreements specific to technology companies, pharmaceutical companies, research institutions, or engineering firms. These industry-specific agreements may address additional considerations unique to their respective fields, such as data security, testing procedures, or regulatory compliance. In conclusion, the Hawaii Proprietary Information and Inventions Agreement is a crucial legal document that outlines the protection, ownership, and non-disclosure of proprietary information and inventions in the state. It ensures the preservation of intellectual property rights, confidentiality, and the prevention of unauthorized use or dissemination of valuable business-related information.
Hawaii Proprietary Information and Inventions Agreement
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Proprietary Information shall mean information (whether now existing or hereafter created or acquired) developed, created, or discovered by the Company, or which became known by, or was conveyed to the Company, which has commercial value in the Company's business.
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 invention assignment agreement is a contract that gives the employer certain rights to inventions created or conceptualized by the employee during the employment relationship. In other words, all inventions not listed are assumed to be the property of the employer.
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 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.
NDA is a legally availed right to parties, for protecting the confidential information of their business.
Excluded Invention means any Invention listed on Exhibit A of this Agreement that existed prior to Employee's employment by the Company and would be a Subject Invention if such Invention was or is made during Employee's employment by the Company.
NDA is a legally availed right to parties, for protecting the confidential information of their business.
PROPRIETARY DOCUMENTATION means any drawing or document, in either man-readable or machine-readable form, or any tangible thing which is the property of the Parties, including without limitation all price lists, discount sheets, customer lists, supplier lists, quotations, analytical data, market data, engineering data,
By Lisa Guerin, J.D. If you do creative, engineering, design, or development work, your employer might ask you to sign an invention assignment agreement: a contract giving your employer ownership rights in inventions and intellectual property you develop during your employment.