Confidentiality Agreement for Invention

Employers can protect their interest in employee inventions with this template agreement governing ownership of such inventions.

This template agreement is designed to help employers safeguard their interests in inventions and innovations developed by employees during the course of their employment. It establishes clear guidelines regarding the ownership and confidentiality of inventions, patents, and proprietary information.

Assignment of Rights

Under this agreement, the employee assigns to the employer all rights, titles, and interests in any inventions, patents, and improvements that they develop in connection with their employment. This ensures that any intellectual property created by the employee as part of their work remains the property of the employer.

Patent Rights

The employee agrees to provide all necessary assistance to the employer in obtaining domestic and foreign patent rights. This includes taking any actions required to support the employer’s efforts to secure legal protection for inventions developed during employment.

Confidentiality Obligations

The agreement also requires the employee to maintain the confidentiality of all proprietary information belonging to the employer. The employee is prohibited from disclosing any or all such information to third parties, thereby protecting the employer’s business interests.

Jurisdiction

This template does not reference the laws of any specific country or jurisdiction, and can be used in many parts of the world.

Customization

The template is provided in MS Word format and is fully editable, enabling employers to tailor the agreement to meet their unique business needs.

Give a manufacturer the right to use your patent in the manufacture and distribution of products through this Exclusive Patent License Agreement.

This Exclusive Patent License Agreement establishes the terms under which a manufacturer is granted the right to use a patented invention or process. The purpose of the agreement is to enable the manufacturer to manufacture, distribute, and sell products based on the inventor's patent.

Grant of License

The inventor grants the manufacturer an exclusive worldwide license to use the inventor's patent in connection with the manufacture, distribution, and sale of products derived from the patented invention or process.

Trademark Usage

In addition to patent rights, the manufacturer is permitted to use certain trademarks owned by the inventor solely in connection with the marketing and sale of the products covered by this agreement.

Royalty Payments

The manufacturer agrees to pay royalties for each product sold within the designated territory. Royalties are calculated as a percentage of the net price of each product sold.

Marketing and Distribution Obligations

The manufacturer is required to actively market, promote, and distribute the products. All costs associated with manufacturing, selling, and distributing products within the territory are the sole responsibility of the manufacturer.

Product Pricing

Pricing for the products must remain consistent with the pricing of similar products already available in the market.

Confidentiality

The agreement includes confidentiality provisions designed to safeguard proprietary information and prevent unauthorized disclosure.

Infringement Procedures

The template specifies the procedures to be followed in the event that infringement claims arise, ensuring clear guidance for both parties.

General Provisions

This agreement is a generic legal contract template and does not reference the laws of any specific country or jurisdiction. It is available in MS Word format and can be fully edited to suit particular needs.

Use this template contract to write a Joint Product Development Agreement between a client and a developer to develop prototype products for manufacture and distribution.

• The client will supply the necessary equipment, and the developer will obtain all regulatory approvals required for manufacturing, selling, licensing and leasing the products.
• The developer owns the background technology.
• All products, documentation, inventions and developments created under the agreement belong jointly to both parties.
• Either party may propose changes to the specifications, but no changes will be implemented unless agreed in writing by both parties.
• The developer indemnifies the client against claims and losses.
• The customer may terminate the agreement at any time, and the developer will have no claim for damages, losses, compensation or otherwise, except to the extent expressly provided in the Agreement.
• This is a downloadable, fully editable legal contract template in MS Word format.

Get this Confidentiality Agreement signed before you submit an invention or innovation for evaluation.

• The purpose of the Agreement is to protect the owner of proprietary information (such as an invention, innovation, new method or process) when they are submitting the information for evaluation to determine its usefulness and marketability.
• Often this evaluation is done by a party interested in investing and/or marketing the innovation.
• The interested party will have no rights to the information or any ideas or improvements arising from the information, all of which remains the sole property of the owner.
• The interested party will not disclose or use any of the information except with the consent of the owner or as required by law.
• If the interested party breaches the agreement, it will pay damages and costs to the owner.
• Ideas are valuable - that's why they get stolen. Don't let that happen to you. Buy and download the Confidentiality Agreement template and protect your legal rights.