Wyoming Assignment — Employee Inventor refers to a legal agreement commonly used in the state of Wyoming, United States, that addresses the ownership and rights to intellectual property created by an employee during their employment. This agreement is crucial to establish the ownership and protect the rights of both the employer and employee when it comes to inventions, creations, and innovations. The Wyoming Assignment — Employee Inventor agreement outlines the specific terms and conditions regarding the ownership, protection, disclosure, and use of inventions or intellectual property resulting from the employee's work or within the scope of their employment. It ensures that the employer has the rights to any invention created by the employee during their work for the company. There can be different types of Wyoming Assignment — Employee Inventor agreements, based on the specific circumstances and requirements of the employer or the industry in which the employee is involved. These variations may include: 1. Standard Employee Inventor Agreement: This is a general agreement used by most employers in Wyoming that covers intellectual property rights for all inventions and creations made by employees during their employment, regardless of the nature of their work. 2. Specific Industry Assignment Agreement: Certain industries, such as technology or research and development, may require additional or more detailed provisions regarding intellectual property rights. For example, software or IT companies may include specific clauses related to patenting or licensing software developed by their employees. 3. Academic Institution Employee Agreement: Universities or research institutions in Wyoming often have a separate assignment agreement to address intellectual property rights of their faculty, researchers, or students. These agreements may aim to strike a balance between promoting innovation and granting the institution certain rights to inventions derived from funded research or academic work. 4. Confidential Information and Non-Disclosure Agreement (NDA): While not solely focused on employee inventions, NDAs often accompany Wyoming Assignment — Employee Inventor agreements to protect the employer's confidential information and trade secrets that may be disclosed during the research and development phase of an invention. In conclusion, the Wyoming Assignment — Employee Inventor agreement is a crucial legal tool used in Wyoming to address the ownership and rights to intellectual property created by employees during their employment. Its variations cater to specific industries or institutions, ensuring that both the employer and employee are protected and that inventions are properly owned, disclosed, and utilized according to the agreed-upon terms.
Wyoming Assignment - Employee Inventor
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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.
I agree that all Inventions that (i) are developed using equipment, supplies, facilities or trade secrets of the Company; (ii) result from work performed by me for the Company; or (iii) relate to the Company's business or current or anticipated research and development, will be the sole and exclusive property of the ...
Typically, this type of agreement requires the employee to disclose any such inventions to the employer, to "assign" (legally transfer) ownership rights in such inventions to the employer, and to assist the employer in getting a patent on any such inventions. Need Professional Help?
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.
What is an Invention Agreement? An invention agreement is a legal document that allows companies to retain the rights to intellectual property and creative works developed by employees during their time employed.
I agree that all Inventions that (i) are developed using equipment, supplies, facilities or trade secrets of the Company; (ii) result from work performed by me for the Company; or (iii) relate to the Company's business or current or anticipated research and development, will be the sole and exclusive property of the ...
form assignment agreement for use by startup companies to document the transfer to the startup of any intellectual property (IP) and technology related to the startup's business that the company's founders created or acquired before forming the startup's business entity.
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.