Invention Assignment Agreement Template

You can open the Invention Assignment Agreement Template in multiple formats, including PDF, Word, and Google Docs.


Sample

Invention Assignment Agreement Template

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Invention Assignment Agreement Template (1)
Between:
[Name of the Inventor]
[Inventor’s ID]
[Inventor’s Address]
[Inventor’s Phone]
[Inventor’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This agreement is made to ensure that any inventions developed by the Inventor during their period of engagement with the Company are legally assigned to the Company.
Clause 1: Definition of Invention
For the purposes of this agreement, “Invention” refers to any invention, improvement, or discovery made by the Inventor, whether patentable or not, during the term of this agreement.
Clause 2: Assignment of Rights
The Inventor agrees to assign and does hereby assign to the Company all rights, title, and interest in any Inventions created during the course of their engagement.
Clause 3: Disclosure of Inventions
The Inventor shall promptly disclose to the Company any Inventions created during the term of this agreement and provide all necessary documentation to assist the Company in securing patent rights.
Clause 4: Compensation
The Inventor may be entitled to compensation for any Inventions that are commercially exploited by the Company, as agreed upon in advance by both parties.
Clause 5: Confidentiality
The Inventor agrees to keep confidential all proprietary information and trade secrets of the Company acquired during the course of the engagement.
Clause 6: Governing Law
This agreement shall be governed by the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Inventor]
[Name of the Inventor]
[Signature of the Company Representative]
[Name of the Company Representative]
Invention Assignment Agreement Template (2)
Between:
[Name of the Inventor]
[Inventor’s ID]
[Inventor’s Address]
[Inventor’s Phone]
[Inventor’s Email]
And:
[Name of the Company]
[Company’s ID]
[Company’s Address]
Introduction:
This Invention Assignment Agreement is established to confirm that any intellectual property created by the Inventor while engaged with the Company will be assigned to the Company.
Clause 1: Invention Ownership
The Inventor acknowledges that all Inventions made during their employment, including those created during work hours or using Company resources, are the sole property of the Company.
Clause 2: Obligations of the Inventor
The Inventor agrees to disclose any Invention to the Company and assist in the filing of any patent applications without further compensation.
Clause 3: Non-Disclosure of Information
The Inventor agrees that they will not disclose any proprietary information to third parties during and after the term of this agreement.
Clause 4: Assignment of Future Inventions
The Inventor agrees that any inventions conceived within [two years] after termination of this agreement, related to the Company’s business, will also be subject to this assignment.
Clause 5: Entire Agreement
This agreement represents the entire understanding between the Inventor and the Company regarding the subject matter herein and supersedes all prior discussions.
Clause 6: Governing Law
This agreement shall be construed in accordance with the laws of [Jurisdiction].
Signed in [City], [Date].
Sincerely,
[Signature of the Inventor]
[Name of the Inventor]
[Signature of the Company Representative]
[Name of the Company Representative]

Form

Please complete the form below to create the Invention Assignment Agreement Template. All fields must be filled out to ensure a clear and complete agreement. We provide examples to guide you through each step.

Invention Assignment Agreement Template

1. Inventor Information


2. Company Information


3. Agreement Details

4. Description of Invention

5. Ownership Rights

6. Compensation for Assignment

7. Confidentiality Obligations

8. Indemnification Clause

9. Governing Law

10. Signatures and Acceptance

11. Declaration and Signatures




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Invention Assignment Agreement Template

Printable | Editable Form




Invention Assignment Agreement Template