South Dakota Proprietary Information and Inventions Agreement is a legally binding contract that governs the protection of proprietary information and inventions developed by individuals or employees involved in business relationships in the state of South Dakota. This agreement ensures that the confidential and valuable information remains secure and prevents unauthorized disclosure or misuse. Keywords: South Dakota, Proprietary Information, Inventions Agreement, legal contract, protection, confidential information, unauthorized disclosure, misuse. There are various types of South Dakota Proprietary Information and Inventions Agreements that may exist based on the specific requirements and nature of the business or industry. Some different types include: 1. Employee Proprietary Information and Inventions Agreement: This agreement is signed between an employer and an employee. It outlines the obligations of the employee to maintain the confidentiality of proprietary information and inventions developed during their employment. 2. Vendor Proprietary Information and Inventions Agreement: It is a contract entered into by a company and its vendors or suppliers. This agreement ensures that third-party vendors have limited access to proprietary information and are bound to protect it. 3. Collaborative Research Agreement: This agreement governs the collaboration between multiple parties, such as universities, research institutions, or companies, in a joint research project. It delineates the ownership and protection of proprietary information or inventions resulting from the collaboration. 4. Non-Disclosure Agreement (NDA): Although not strictly a South Dakota Proprietary Information and Inventions Agreement, an NDA is often used in conjunction with such agreements. It establishes a legally enforceable obligation on the recipients to keep the disclosed proprietary information confidential. It is important to consult legal professionals to ensure that the specific South Dakota Proprietary Information and Inventions Agreement meets the unique needs and requirements of the involved parties, as well as complies with applicable laws and regulations.
South Dakota Proprietary Information and Inventions Agreement
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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.
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.
NDA is a legally availed right to parties, for protecting the confidential information of their business.
PROPRIETARY DOCUMENTATION means any drawing or document, in either man-readable or machine-readable form, or any tangible thing which is the property of the Parties, including without limitation all price lists, discount sheets, customer lists, supplier lists, quotations, analytical data, market data, engineering data,
Excluded Invention means any Invention listed on Exhibit A of this Agreement that existed prior to Employee's employment by the Company and would be a Subject Invention if such Invention was or is made during Employee's employment by the Company.
NDA is a legally availed right to parties, for protecting the confidential information of their business.
The agreement creates a confidential relationship between the parties to protect any type of confidential and proprietary information and assigns all relevant work product to the company during the signors employment with the company.
A technology assignment agreement assigns your startup any intellectual property before you form the company. The developer(s) may retain individual intellectual property rights under certain circumstances, or they may sell the rights to you for equity or cash.
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.
An invention assignment agreement is a contract that gives the employer certain rights to inventions created or conceptualized by the employee during the employment relationship. In other words, all inventions not listed are assumed to be the property of the employer.