The New York Proprietary Information and Inventions Agreement, also known as a PISA, is a legal document designed to protect intellectual property rights and maintain confidentiality within the context of employment or business relationships. This agreement is commonly used in various industries and is especially important in technology-driven fields where proprietary information and inventions hold significant value. In essence, a New York Proprietary Information and Inventions Agreement serves as a safeguard for both employers and employees. It outlines the responsibilities and obligations of each party regarding the disclosure, use, and protection of confidential information, trade secrets, and inventions during and after the employment period. By signing this agreement, the parties involved agree to maintain the utmost secrecy and not disclose any proprietary information to unauthorized individuals or entities. The New York Proprietary Information and Inventions Agreement typically covers a wide range of topics, including but not limited to: 1. Definitions: This section will define key terms, such as proprietary information, trade secrets, and inventions, to ensure clarity and understanding for all parties involved. 2. Confidentiality Obligations: It outlines obligations to maintain strict confidentiality regarding any proprietary information shared during the course of employment or business activities. This prevents employees from sharing sensitive company information with competitors or using it for personal gain. 3. Non-Disclosure of Information: This section prohibits employees from disclosing, sharing, or utilizing proprietary information outside the scope of their employment. It clarifies that this restriction applies even after termination or completion of a business relationship. 4. Intellectual Property Rights: The agreement clarifies that any inventions, creations, or developments made by the employee during employment hours or using company resources belong to the employer. It aims to protect the employer's intellectual property rights and ensures that any potential inventions are rightfully assigned to the company. 5. Return of Materials: It may detail the obligation of employees to return any company property, documents, or information after the termination of their employment or business relationship. While the main purpose and content of a New York Proprietary Information and Inventions Agreement remain relatively consistent across industries, there might be slight variations depending on specific circumstances or industries. For example: 1. Software Development Agreement: This agreement may include additional provisions relating to software development, ownership, licensing, and non-competition clauses specific to the software industry. 2. Research and Development Agreement: In the scientific or pharmaceutical fields, this agreement may have specialized clauses regarding the sharing and protection of research data, formulas, or experimental techniques. 3. Non-Compete Agreement: Sometimes, Proprietary Information and Inventions Agreement is combined with a non-compete agreement, which prevents employees from joining or starting a competing business for a certain period after their employment ends. In conclusion, a New York Proprietary Information and Inventions Agreement is a crucial legal document used to protect proprietary information, trade secrets, and intellectual property while ensuring the confidentiality and loyalty of employees. It establishes clear guidelines and obligations, preserving the competitive advantage of companies and providing peace of mind for all parties involved.
New York Proprietary Information and Inventions Agreement
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How to fill out Proprietary Information And Inventions Agreement?
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Confidential refers to information that's meant to be kept secret between certain groups of people. Proprietary information is property or ownership claimed by certain people. A company's trade secrets are considered confidential information and are also proprietary information since they're owned by the company.
The term ?proprietary information? can be used to describe a broad range of things that the owner considers confidential. It is any type of data that the owner wishes to restrict who know about it or its contents. Proprietary information is another way of saying something is a trade secret.
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.
CIIA stands for Confidential Information and Invention Assignment. This is just another name for a Proprietary Information and Inventions Assignment (PIIA). Some other names this type of agreement may go by include: Employee Confidentiality and Inventions Assignment Agreement.
Recipient shall hold all Proprietary Information in strict confidence and shall not disclose any Proprietary Information to any third party, other than to its employees and agents who need to know such information and who are bound by restrictions regarding disclosure and use of such information comparable to and no ...
I will not disclose or use any information received by the Company from third parties, except as required in connection with my work for the Company. I will not improperly use or disclose any confidential information or trade secrets of any third party or former employer to whom I have an obligation of confidentiality.
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 Documents means all materials and information which are proprietary or confidential, including, without limitation, income tax returns, loan and financial documents, internal corporate or organizational governance materials and documents, appraisals, budgets, strategic plans for the Property, internal ...