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A Confidential Information and Invention Assignment Agreement is an agreement between a company and its employees, contractors, consultants, and business partners. It details how a company's confidential information and intellectual property is to be handled.
By Lisa Guerin, J.D. An employment contract is an agreement between an employer and an employer regarding the term of employment. An employment contract can range from a simple handshake agreement ("The job is yours is you want it; can you start tomorrow?") to a lengthy written contract filled with legalese.
A technology assignment agreement assigns your startup any intellectual property before you form the company. The developer(s) may retain individual intellectual property rights under certain circumstances, or they may sell the rights to you for equity or cash.
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.
Prior Inventions means all inventions, original works of authorship, developments and improvements which were made by Recipient, alone or jointly with others, prior to Recipient's employment, association or other engagement with the Company or any affiliate thereof.
A legally-binding document is simply one that establishes an agreement between two parties, entailing that certain actions are either required or restricted. An example of a basic contract is one between a real estate agency and a seller. The seller grants the agency exclusive rights to sell the property.
Employee contracts, also known as employment agreements, contracts of employment, employment contracts, and job contracts, are written legal documents that spell out binding terms between the employee and his or her employer. This document lists the rights, responsibilities, and obligations of both parties.
An employment contract is a written, binding agreement between an employer and a prospective or current employee that, when properly drafted, can be a highly effective way of protecting a company's financial and intellectual resources. Not every employment relationship will require a contract.
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.
An Employee Invention Agreement can be signed before an employee begins work at your company. By signing this document, an employee agrees not to share confidential information, and that any inventions produced during his or her time at the company will be owned by the company.