At-Will Employment and Confidential Information Agreement and Invention Assignment
About this form
The At-Will Employment and Confidential Information Agreement and Invention Assignment is a legal document that outlines the terms of employment, confidentiality obligations, and the assignment of inventions created during employment. This form differs from general employment contracts by establishing the at-will nature of the employment relationship, where either party can terminate the relationship without cause. It also protects the company's proprietary information and assigns ownership of any inventions created by the employee during their time with the company.
Main sections of this form
- At-will employment acknowledgment: Recognizes that the employee's employment is not for a specified term and can be terminated at any time.
- Confidentiality obligations: Details the employee's responsibility to protect the companyâs confidential information.
- Invention assignment: States that any inventions created by the employee belong to the company.
- Return of company property: Requires the employee to return company materials upon termination.
- Non-solicitation clause: Prevents the employee from soliciting other employees after leaving the company.
When to use this form
This form should be used when a company hires a new employee and wants to ensure that its employment terms are clear and legally binding. It is particularly useful for companies that handle confidential information and want to protect their intellectual property. The agreement helps both the employer and employee understand their rights and responsibilities in the context of employment.
Who this form is for
- Employers looking to establish clear employment terms with new hires.
- Companies that require protection of confidential information and company assets.
- Employees entering into new employment where confidentiality and invention rights are key concerns.
How to prepare this document
- Identify the parties: Fill in the names and details of the employer and employee.
- Specify the employment terms: Acknowledge understanding of the at-will employment status.
- Detail confidentiality obligations: Clearly outline what constitutes confidential information.
- Assign ownership of inventions: Include any relevant inventions created during employment.
- Complete additional clauses: Fill in any state-specific information or additional conditions as required.
Is notarization required?
This form does not typically require notarization unless specified by local law. However, employers and employees may choose to have the agreement notarized for additional verification and validity.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Mistakes to watch out for
- Failing to clearly define what constitutes confidential information.
- Not specifying the duration of the non-solicitation clause.
- Neglecting to secure signatures from both parties to validate the agreement.
Benefits of using this form online
- Easy access to customizable legal templates.
- Ability to download and store documents securely.
- Convenience of completing forms at your own pace.
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FAQ
Company Confidential Information means information known to the Executive to constitute trade secrets or proprietary information belonging to the Company or other Company confidential financial information, operating budgets, strategic plans or research methods, personnel data, projects or plans, or non-public
Examples of confidential information include, but are not limited to: Information about the Company's operations, results, earnings projections, strategies, clients or client relationships, proprietary products or employee records.
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.
The employee's personal and emergency contact details. information about terms and conditions of employment. wage or salary details. leave balances. records of work hours. records of engagement, resignation or termination of employment. information about training, performance and conduct.
First, if you're in California, Labor Code § 2870 puts significant limits on what your employer can claim, regardless of the contract. Basically, they can't claim anything you developed before you arrived or anything that's unrelated to their business (unless you used their facilities to develop it).
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 confidentiality agreement is a written legal contract between an employer and an employee. The confidentiality agreement lays out binding terms and conditions that prohibit the employee from disclosing company confidential and proprietary information.
