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A Confidential Information and Invention Assignment Agreement is an agreement between a company and its employees, contractors, consultants, and business partners. It details how a company's confidential information and intellectual property is to be handled.
Employee Invention Agreement Law and Legal Definition. This however does not include those certain inventions by employee prior to employment with company and it will be listed as Excluded inventions in the Agreement.
New List. Prior Inventions. It is understood that all Inventions, if any, patented or unpatented, which Employee made prior to the date that the Company and Employee entered into this Agreement, are excluded from the scope of this Agreement.
An invention is a unique or novel device, method, composition or process. The invention process is a process within an overall engineering and product development process. It may be an improvement upon a machine or product or a new process for creating an object or a result. Some inventions can be patented.
The standard Proprietary Information and Inventions Agreement signed by an employee is a no-compete contract, that stipulates that no written or oral agreement has been, or will be made, in conflict with the interests of an employer. The employee may not create or retain any material reflecting on the employer.
Princeton's WordNet. proprietorship, proprietary(adj) an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits. proprietary(adj) protected by trademark or patent or copyright; made or produced or distributed by one having exclusive rights.
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