Puerto Rico Proprietary Information and Inventions Agreement

State:
Multi-State
Control #:
US-1003BG
Format:
Word; 
Rich Text
Instant download

Description

A Proprietary Information and Inventions Agreement insures that intellectual property and other proprietary rights created by employees during the course of their employment are assigned to the employer.
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FAQ

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 invention assignment agreement is a contract in which an employee or independent contractor assigns intellectual property rights for their services to the company. These agreements typically appear in other employment documents such as confidentiality agreements or an independent contractor agreement.

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.

Proprietary Invention means any Invention I made, conceived, or reduced to practice, either alone or with others, (a) either in the course of performing work for Company or at Company's expense, or (b) that results from tasks assigned to me by Company, or (c) whose creation ordinarily would be associated with my then

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.

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 shall mean information (whether now existing or hereafter created or acquired) developed, created, or discovered by the Company, or which became known by, or was conveyed to the Company, which has commercial value in the Company's business.

A Confidential Information and Invention Assignment Agreement is an agreement between a company and its employees, contractors, consultants, and business partners. It details how a company's confidential information and intellectual property is to be handled.

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.

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Puerto Rico Proprietary Information and Inventions Agreement