North Carolina Proprietary Information and Inventions Agreement
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How to fill out Proprietary Information And Inventions Agreement?
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FAQ
Proprietary Documents means any documents of Seller which are confidential or proprietary in nature in that such documents contain trade secrets or other non-public information not customarily used by Seller in the ordinary course of operating the 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.
Proprietary information is any information that deals with the activities, business or products of a company. More specifically, some things that commonly fall under this umbrella include trade secrets, financial data, product research and development, computer software, business processes and marketing strategies.
A Proprietary Information Agreement is a legally binding contract that stipulates that a number of parties must not disclose confidential supplies, data, or information as outlined by the contract to a different third party.
Proprietary information can include secret formulas, processes, and methods used in production. It can also include a company's business and marketing plans, salary structure, customer lists, contracts, and details of its computer systems.
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.
Related to Proprietary Concept. Proprietary Technology means the technical innovations that are unique and legally owned or licensed by a business and includes, without limitation, those innovations that are patented, patent pending, a subject of trade secrets, or copyrighted.
What is proprietary relates to ownership and the rights an owner may exercise in regards to his or her property or information. A proprietor is one that possesses, owns, or holds exclusive right to something. Legally, what is proprietary often refers to proprietary information.
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.
(a) The Executive agrees that all information, whether or not in writing, of a private, secret or confidential nature concerning the Company's business, business relationships or financial affairs (collectively, Proprietary Information) is and shall be the exclusive property of the Company.