This invention assignment agreement template has 5 pages and is a MS Word file type listed under our legal agreements documents.
Sample of our invention assignment agreement template:
INVENTION ASSIGMENT AGREEMENT This Invention Assignment Agreement ("Agreement") is made and effective this [Date], BETWEEN: [EMPLOYEE NAME] (the "Employee"), an individual with his main address at: [COMPLETE ADDRESS] AND: [YOUR COMPANY NAME] and its affiliated companies (collectively the "Company"), a corporation organized and existing under the laws of [STATE/PROVINCE], with its head office located at: [YOUR COMPLETE ADDRESS] In consideration of the commencement of Employee's employment and the compensation paid to Employee, Employee hereby acknowledges and agrees with the Company as follows: NON-DISCLOSURE At all times during and after the term of his employment, the Employee will hold in confidence and will not disclose or use any Confidential Information, except as may be required in connection with his work for Client, or as expressly authorized by Client. He or she will obtain Client's written consent before publishing or submitting for publication any material (written, oral, or otherwise) that relates to his work at Client or incorporates any Confidential Information. The Employee assign to Client any rights he or she may have or acquire in all Confidential Information and recognize that all Confidential Information is and will be the sole and exclusive property of Client. CONFIDENTIAL INFORMATION The Company has and will develop, compile, and own certain proprietary techniques and confidential information that have great value in its business (said techniques and information are referred to in this Agreement collectively as "Confidential Information"). The Company has and will also have access to Confidential Information of its Clients. (Clients shall mean any persons or entities for whom the Company performs services or from whom the Company or Employee obtains information). Confidential Information includes not only information disclosed by the Company or its Clients to Employee in the course of his or her employment, but also information developed or learned by Employee during the course of his or her employment with the Company, such as Inventions. Confidential Information is to be broadly defined. Confidential Information includes all information that has or could have commercial value or other utility in the business in which the Company or Clients are engaged or in which they contemplate engaging. Confidential Information also includes all information of which the unauthorized disclosure could be detrimental to the interests of the Company or Clients, whether or not such information is identified as Confidential Information by the Company or Clients. By example and without limitation, Confidential Information includes, but is not limited to, Company customer lists, checklists, teaching techniques, processes, formulas, trade secrets, inventions, discoveries, improvements, research and development and testing results, specifications, data, know-how, formats, forms, marketing and business plans, strategies, forecasts, unpublished financial information, memos, notes, meeting content, budgets, projections, customer computer topology, customer username and passwords, any customer contact information, customer data, customer software configuration, customer maintenance schedules and fees, customer point of contact, software developed by company, company documentation such as unique quote, proposal, and billing formats, checklists developed by company, company reseller information and vendor lists, company contractors & subcontractors, customer system design, customer data, customer & supplier identities, characteristics, and agreements. PROTECTION OF CONFIDENTIAL INFORMATIONS Employee agrees that at all times during or after his or her employment, he or she will keep confidential, and not, directly or indirectly, use, make available, sell, disclose or otherwise communicate to any third party, other than in his assigned duties and for the benefit of the Company, any of the Company's Confidential Information, either during or after his employment with the Company. In the event he or she desires to publish the results of his work for the Company through literature or speeches, he or she will submit such literature or speeches to the [PRESIDENT OR SPECIFY] of the Company at least [SPECIFY] days before dissemination of such information for a determination of whether such disclosure may alter trade secret status, may be highly prejudicial to the interests of the Company, or may constitute an invasion of its privacy. He or she agrees not to publish, disclose or otherwise disseminate such information without prior written approval of the [PRESIDENT OR SPECIFY] of the Company. He or she acknowledge that he or she is aware that the unauthorized disclosure of Confidential Information of the Company may be highly prejudicial to its interests, an invasion of privacy and an improper disclosure of trade secrets. NO IMPROPER USE OF INFORMATION OF PRIOR EMPLOYERS AND OTHERS The Employee declares that his or her employment by the client does not and will not violate any agreement with a former employer, including any agreement to refrain from using or disclosing information acquired prior to his or her employment by the client. The Employee further declares that he or she has not entered into and promises that he or she will not enter into any agreement that conflicts with his or her obligations under this agreement. During his or her employment by the Client, he or she will not use or disclose information, trade secrets or property of a former employer or third party in violation of any legal agreement entered into with such former employer or third party. In the performance of his or her duties, he or she will only use information that is generally known and used by persons with comparable training and experience, that is common knowledge in the industry or legally in the public domain, or that is otherwise provided or developed by the client. DELIVERY OF CONFIDENTIAL INFORMATION Upon request or when the employment with the Company terminates, the Employee will immediately deliver to the Company all copies of any and all materials and writings received from, created for, or belonging to the Company including, but not limited to, those which relate to or contain Confidential Information. LOCATION AND REPRODUCTION Employee shall maintain at his workstation and/or any other place under his control only such Confidential Information as he or she have a current "need to know." Employee shall return to the appropriate person or location or otherwise properly dispose of Confidential Information once that need to know no longer exists. Employee shall not make copies of or otherwise reproduce Confidential Information unless there is a legitimate business need of the Company for reproduction. NON-COMPETITION DURING EMPLOYEMENT
