Virgin Islands 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

When you have executed a confidentiality and invention assignment agreement, it means you have formally signed a legal document that binds you to its terms. This agreement typically includes clauses that relate to the protection of proprietary information and the ownership of inventions created during your engagement. Essentially, you're committing to uphold confidentiality as outlined in your Virgin Islands Proprietary Information and Inventions Agreement.

Excluded Inventions means any Vendor intellectual property existing prior to beginning work on any statement of work or any intellectual property that was developed entirely on Vendor's own time and without the use of any Customer equipment, supplies, facilities or Confidential Information.

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.

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.

An intellectual property agreement is a formal contract between employees and employers that outline the terms and conditions for how an organization's intellectual property is protected when employees create inventions as a function of their job.

An IP assignment agreement is an agreement that designates the ownership of intellectual property. Companies often use IP assignment agreements to secure their inventions and developments but also to transfer ownership of intellectual property as needed.

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.

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 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

Under an intellectual property licensing agreement (also known as an intellectual property license or an intellectual property license agreement), you retain ownership of your patent, copyright, or trademark, but you give another party permission to use some or all of your intellectual property rights for a specific

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Virgin Islands Proprietary Information and Inventions Agreement