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The phrase 'you have executed a confidentiality and invention assignment agreement' simply indicates that you have both signed and accepted the terms of this important document. This means you are legally bound to uphold its requirements regarding confidential information and invention assignments. In Salt Lake, Utah, this execution process is critical for protecting both your interests and those of your employer.
Employee Confidentiality Agreements Must Be Specific Overbroad confidentiality agreements may not be enforceable at all, so being specific and detailed is the best way to protect your brand and ensure that you can enforce the agreement if you must.
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 proprietary information and inventions agreement is a legal agreement between a company and typically its employee put in place to protect any exclusive and intellectual property of the company.
Employment confidentiality agreements are usually signed before employment commences. This ensures that the employee knows what he or she is getting into and understands that the job is being given on condition of signing the agreement.
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.
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 confidential disclosure agreement, also called a confidentiality agreement or CDA, is a legal agreement which prohibits employees from disclosing certain information about a company. It is a permanent agreement, which means a signed confidentiality agreement remains valid after employment has ended.
Employment Inventions means any and all Inventions created, developed, conceived or made by you alone or with others or otherwise arising in the course of your employment (whether or not during working hours or using our premises or resources).
With this investment, it should come as no surprise that employers generally own the intellectual property created by its employees in the course of their employment. However, intellectual property that is created by an employee, other than in the course of employment, is owned by the employee not the employer.