The Oregon Proprietary Information and Inventions Agreement, also known as a PISA, is a legally binding contract that outlines the protection and ownership of proprietary information and inventions created by employees or contractors during their employment or engagements in Oregon. This agreement establishes the rights and obligations of both the employer (company) and the employee/contractor regarding the sharing, use, and ownership of confidential information and intellectual property. Keyword: Oregon, Proprietary Information and Inventions Agreement Typically, an Oregon PISA includes various clauses and provisions that ensure the protection of the company's trade secrets, confidential information, and intellectual property. It requires the employee/contractor to disclose any inventions, innovations, discoveries, or developments made during their employment or engagement that relate to the company's business or products. This disclosure helps the employer in asserting its ownership rights over these inventions. The agreement specifies that any proprietary information, trade secrets, formulae, patents, copyrights, trademarks, designs, or ideas created or discovered by the employee/contractor while working for the company shall be considered the exclusive property of the employer. This ensures that the company retains control and ownership over its inventions and intellectual property, preventing unauthorized use or disclosure. Furthermore, the Oregon PISA restricts the employee/contractor from sharing or disclosing any confidential information obtained during their employment/engagement to third parties without the prior written consent of the company. This confidentiality clause is crucial in safeguarding sensitive business strategies, customer lists, financial data, marketing plans, and any other proprietary information deemed valuable by the company. The agreement may also include non-compete and non-solicitation clauses. A non-compete clause restricts the employee/contractor from engaging in similar business activities or working for a competitor during and after their employment/engagement with the company, within a specific geographical area and time period. On the other hand, a non-solicitation clause prevents the employee/contractor from enticing or soliciting the company's clients, employees, or business partners for their own benefit or on behalf of a competitor. It is worth noting that there could be different types of Oregon Proprietary Information and Inventions Agreements tailored for specific industries or job roles. For instance, technology companies may have specialized agreements focused on software code, algorithms, or technological innovations. Research-based institutions may have agreements emphasizing scientific discoveries or patents. Ultimately, the contents and specific terms of the agreement depend on the nature of the business, its intellectual property assets, and the goals of the employer. In summary, the Oregon Proprietary Information and Inventions Agreement is a vital legal document that ensures the protection of a company's proprietary information, trade secrets, and intellectual property while clearly defining the ownership and usage rights related to inventions and discoveries made by employees or contractors.
Oregon Proprietary Information and Inventions Agreement
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How to fill out Oregon Proprietary Information And Inventions Agreement?
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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.
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.
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.
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.
These assign to the employer ownership rights over any inventions created while employed. Below, we discuss the purposes and effects of these agreements. Although such agreements are common and enforceable in all states, some states, including California, impose restrictions on them.
I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all of my right, title and interest in and to any and all Company Inventions throughout the world, including all copyrights, ...
I agree that all Inventions that (i) are developed using equipment, supplies, facilities or trade secrets of the Company; (ii) result from work performed by me for the Company; or (iii) relate to the Company's business or current or anticipated research and development, will be the sole and exclusive property of the ...
"Broadly speaking, if an employee creates new intellectual property as part of their job, the employer owns that intellectual property," explains Martell.