Employee Invention Agreement Form

Employee Invention Agreement Form - Baristas whipping up new cappuccino flavors?  Bakers cooking up an incredible crumble cake?

Or maybe your Sous Chef combined the right braised dish with the right creamy soup.

Sounds like you need an Employee Invention Agreement Form.  After all, a creative work environment can be an inventive and wonderful place to work in and to manage. 

In this type of environment however, it is in the company’s best interest to ensure the full bounty of success. 

Considering the company provides the environment, the materials, the time and wages, some compensation is owed to them. 

This is a contractual agreement that gives a forward thinking company security in the patents their employees may create.

Simultaneously, this form ensures comparable rights for employee and employers to any creative inventions on company time.

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EMPLOYEE INVENTION AGREEMENT


FOR GOOD CONSIDERATION, and in consideration of the undersigned being employed by_ [Company]; the undersigned hereby agrees, acknowledges and represents:

1.       The undersigned, during the course of employment, shall promptly disclose in writing to the company all inventions, discoveries, improvements, developments and innovations whether patentable or not, conceived in whole or in part by the undersigned or through assistance of the undersigned, and whether conceived or developed during working hours or not, which: 

a] Result from any work performed on behalf of Company, or pursuant to a suggested research project by the Company, or 

b] Relate in any manner to the existing or contemplated business of the Company, or 

c] Result from the use of the Company's time, material, employees or facilities. 

2.       The undersigned hereby assigns to the Company, its successors and assigns, all right, title and interest to said inventions.

3.       The undersigned shall, at the Company's request, execute specific assignments to any such invention and execute, acknowledge, and deliver any additional documents required to obtain letters patent in any jurisdiction and shall, at the Company's request and expense, assist in the defense and prosecution of said letters patent as may be required by Company.  This provision shall survive termination of employ with the Company.

 

Signed under seal this _ day of _, 19_.

 

     ________________________________

                  Employee


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