Vermont Assignment - Individual Inventor
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Clearly identify both the assignor and assignee using legal names. If more than one company owns the patent, identify all owners. Identify the underlying patent by title and number and include a complete and accurate description of it. Describe the terms of the agreement, including financial arrangements.
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.
PIIA is the acronym for the most common name for these agreements, ''proprietary information and invention assignment'' agreements. The typical form of agreement addresses two main areas: confidentiality and ownership of intellectual property.
I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all of my right, title and interest in and to any and all Company Inventions throughout the world, including all copyrights, ...
Use EPAS to create and submit a Patent Assignment Recordation Coversheet by completing on-line web forms and attaching the supporting legal documentation as black and white TIFF or PDF for submission via the internet. You may email questions about filing electronic patent assignments to EPAS@uspto.gov .
Assignee: Organization(s) and individual(s) that have an ownership interest in the legal rights a patent offers. There may or may not be an assignee. An assignee is often the organization employing the inventor of the technology. An assignee can also change at a later date.
These assign to the employer ownership rights over any inventions created while employed. Below, we discuss the purposes and effects of these agreements. Although such agreements are common and enforceable in all states, some states, including California, impose restrictions on them.
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.