The North Carolina Agreement for Exhibition — Unpatented Invention is a legal document that outlines the terms and conditions for displaying an unpatented invention in North Carolina. This agreement facilitates the exhibition of newly developed technologies, designs, or processes while ensuring the inventor's rights and interests are protected. It sets the expectations and responsibilities of both the inventor and the entity hosting the exhibition. This agreement provides a framework for inventors to showcase their unpatented inventions to potential investors, partners, or the public, while maintaining ownership and control over their intellectual property. It assists in establishing a sense of security for inventors, as the agreement protects them against any unauthorized use, disclosure, or replication of their invention by third parties during the exhibition. The North Carolina Agreement for Exhibition — Unpatented Invention typically includes several key components: 1. Parties: It identifies the parties involved in the agreement, namely the inventor and the exhibition host. Their legal names, addresses, and contact details are specified. 2. Description of the Invention: A detailed description of the unpatented invention is provided, including its purpose, functionality, and unique features. This section ensures clarity and helps in establishing the scope of the agreement. 3. Exhibition Details: This segment covers the specifics of the exhibition, such as the date, duration, and location of the event. It may also include any additional requirements or conditions set by the exhibition host, such as display arrangements, security measures, or insurance requirements. 4. Ownership and Confidentiality: The agreement clarifies that the inventor retains full ownership of the unpatented invention and any associated intellectual property rights. It emphasizes the need for the exhibition host to maintain confidentiality during the entire showcase period, safeguarding the inventor's trade secrets and exclusive rights until patent protection is pursued. 5. Liability and Indemnification: This section outlines the liability of both parties in case of any damage, loss, or injury occurring during the exhibition. It may also include an indemnification clause, requiring the exhibition host to compensate the inventor for any legal expenses arising from third-party claims related to the exhibited invention. 6. Termination and Governing Law: The agreement includes provisions for termination, allowing both parties to end the exhibition arrangement under specific circumstances. Additionally, it specifies that the governing law of North Carolina shall apply to any disputes or interpretation of the agreement. Types of North Carolina Agreement for Exhibition — Unpatented Invention: 1. Commercial Exhibition Agreement: This type of agreement focuses on showcasing the unpatented invention at trade shows or business exhibitions. It may include additional clauses regarding potential licensing or distribution agreements with interested parties. 2. Research Exhibition Agreement: This agreement is specific to exhibitions held within research institutions, universities, or laboratories. It might include provisions for collaborative research, academic recognition, or knowledge-sharing opportunities between the inventor and the exhibiting entity. In conclusion, the North Carolina Agreement for Exhibition — Unpatented Invention provides a comprehensive legal framework for inventors to exhibit their unpatented inventions while safeguarding their rights and interests. It establishes a mutually beneficial relationship between the inventor and the exhibition host, fostering innovation and potential commercialization opportunities.