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The employment agreement provides you with the opportunity to negotiate certain exclusions or gain additional compensation for any intellectual property that might be created over the course of your employment.
A Confidential Information and Inventions Assignment Agreement (CIIAA) is a legal document used to assign all intellectual property (IP) and other proprietary rights created by an employee during the course of their employment to the employer.
The royalty agreement includes information such as: The parties to the agreement. The rights being granted. The period of time during which the licensee can use the intellectual property. The geographical scope the license applies to. The type of payment required (e.g. a lump-sum payment and royalties)
Yes. Employment contracts that abide by all contract laws are enforceable in Maryland. The contract must include all elements of a contract like offer, acceptance, and consideration. The contract must be entered into voluntarily by competent parties.
CIIA Agreement A Confidential Information and Invention Assignment Agreement, also often abbreviated to CIIAA. Sometimes mistakenly referred to as a CIIAA Agreement. Effectively synonymous with with PIIA Agreement, which stands for Proprietary Information and Invention Assignment Agreement.
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.
Intellectual property assignment is a process in which the ownership of a work product created for an entity by an employee or consultant is transferred to the entity. Typically, an employee or consultant will sign an agreement that explicitly assigns any intellectual property created during service with the company.
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.