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How to Protect Inventions Agreement

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If you have a commercially viable invention, protecting it with a patent is essential, as it grants you the legal right to prevent others from making, using, or selling your invention. However, obtaining patent protection can be uncertain and expensive, particularly when seeking it in multiple countries. After filing a patent application in your home country, there are two primary options for international protection: the traditional route through the Paris Convention, which requires separate applications and payment of various fees within 12 months, or the Patent Cooperation Treaty (PCT). The PCT allows you to file one application in one language at one office within the same 12-month period, streamlining the process.

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How do I protect an invention without a patent?

If you determine that the invention is probably not patentable, the most effective way to protect yourself is to have prospective licensees sign a nondisclosure agreement before you reveal your invention. This document is sometimes called an NDA or a confidentiality agreement, but the terms are similar.

What is an example of an inventions agreement?

I agree that I will promptly make full written disclosure to the Company, will hold in trust for the sole right and benefit of the Company, and hereby assign to the Company, or its designee, all of my right, title and interest in and to any and all Company Inventions throughout the world, including all copyrights,

What document helps protect inventions?

A patent protects an invention by allowing its inventor or the group who owns the patent control over who may use the invention. Patent applications are adjudicated by the United States Patent and Trademark Office (USPTO) and are valid for 20 years.

What does inventions mean in a contract?

An inventions assignment agreement is a typical feature of an independent contractor or employee agreement where the worker agrees to assign any intellectual property rights arising from the workers services to the company.

How do you legally protect an invention?

To protect your invention, you must apply for a patent. Unlike copyrights, there is no such thing as an automatic patent. Obtaining a patent can be slow and costly, taking up to 2 years and costing thousands of dollars.

What is proprietary and invention agreement?

Also known as Proprietary Information and Inventions Assignment Agreements (or PIIAAs), Confidential Information and Inventions Assignment Agreements ensure that intellectual property and other proprietary rights created by employees during the course of their employment are assigned to the employer.

Who owns the inventions of an employee?

It is the general rule that an employee retains ownership and patent rights of whatever she invents during her employment, even if she conceived it or reduced it to practice in the course of her employment, and even if her invention relates to company business.

What is an inventions agreement?

An inventions assignment agreement is a typical feature of an independent contractor or employee agreement where the worker agrees to assign any intellectual property rights arising from the workers services to the company.

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