This document is a collateral assignment of intellectual property. It details the collateral assignment, the scope of the assignment, representations and warranties, default remedies, and all other aspects generally found in an assignment agreement.
Utah Collateral Assignment of Intellectual Property
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US-TC0713
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FAQ
A: Under Rule 1.7 of the Rules of Professional Conduct, attorneys are prohibited from representing clients who are directly adverse from each other in the same litigation or in instances where there is a significant risk that the representation of one or more clients will be materially limited by the lawyer's interest ...
An agreement between an employee and his employer may require the employee to assign or license, or to offer to assign or license, to his employer any or all of his rights and intellectual property in or to an employment invention. an agreement between an employee and his employer which is not an employment agreement.
No public officer or public employee shall have personal investments in any business entity which will create a substantial conflict between his private interests and his public duties.
Rule 1.9 - Duties to Former Clients (a) A lawyer who has formerly represented a client in a matter shall not thereafter represent another person in the same or a substantially related matter in which that person's interests are materially adverse to the interests of the former client unless the former client gives ...
Utah Code § 67-16-9 A Board member shall not have personal investments in any business entity which will create a substantial conflict between the Board member's private interests and their public duties.
Identity fraud crime. 76-6-1102.
For at-will employment relationships, the Utah Supreme Court found that continued employment or the promise of continued employment may be sufficient consideration to support a covenant not to compete (Sys. Concepts, 669 P. 2d at 426-427, 429).
A conflict of interest arises when a person chooses personal gain over the duties to an organization in which they are a stakeholder or exploits their position for personal gain in some way. All corporate board members have fiduciary duties and a duty of loyalty to the corporations they oversee.