Easily Remove Cross Out Option from the Inventions Agreement

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How to Remove Cross Out Option from the Inventions Agreement

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[Music] okay lets say you get a hundred thousand dollar property its worth that and you get it on an option for 80 000 like you said you Market it and then somebody says Hey I want to buy it lets do it are you like buying it like youre exercising the option to buy it yourself and then youre selling it to them with a double closing or are you somehow assigning the option and they jump in how does that other mechanics of that work so weve been really fortunate we have expanded um but when we started doing this method Im about to tell you about we started in Arizona and we work with Great American Title Agency out of Phoenix there they have been awesome and I recommend them to everybody weve also found one in Tennessee that we use and what weve been able to do with them is do a true a to c double close where they use the buyers money and they pay everybody and that has been a huge game thats big deal not not only that theyre able to do it without disclosing what our profit wou

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Does California Labor Code Section 2870 apply to independent contractors?

Labor Code sections 2870-2872 govern assignments of inventions to employers by employees but not independent contractors.

What is the invention clause in the employment 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.

What is Section 2870 of the California Labor Code?

What is California Labor Code Section 2870? This code states that inventions of an employee are not assigned to the employer if they are wholly developed on the employees own time and if they are done so without the uses of employers equipment, supplies, facilities or trade secret information of the employer.

What is California Labor Code Section 2807?

The employer shall utilize the standardized written description prepared by the State Department of Health Services pursuant to subdivision (b). (b) The State Department of Health Services shall prepare and make available, on request, a standardized written description of the Health Insurance Premium Program, at cost.

What is the duty to indemnify an employee in California?

Section 2802 provides that an employer shall indemnify his or her employee for all necessary expenditures or losses incurred by the employee in direct consequence of the discharge of his or her duties, or of his or her obedience to the directions of the employer.

What is the statute of limitations for claims under the California Labor Code?

You must file claims for violations of minimum wage, overtime, illegal deductions from pay or unpaid reimbursements within three years. You must file claims based on an oral promise to pay more than minimum wage within two years. You must file claims based on a written contract within four years.

What is strict liability in California Labor Code?

Strict Liability means that the employers liability arises regardless of the employers own lack of knowledge or the employers attempts to remedy the situation, such as by publishing a policy against sexual harassment.

Should prior inventions disclosure yes or no?

When it comes to Prior Invention disclosure to a new employer, we generally suggest you do not do so. Thats because they never state that the employer will not try to steal your ideas or inventions. Rather, you need to be careful not to be vulnerable to such loss.

What does California Labor Code Section 2870 mean?

What is California Labor Code Section 2870? This code states that inventions of an employee are not assigned to the employer if they are wholly developed on the employees own time and if they are done so without the uses of employers equipment, supplies, facilities or trade secret information of the employer.

What are excluded inventions?

Excluded Inventions means those Inventions, if any, which are related to the Companys Business, were invented by Employee prior to the commencement of Employees employment with the Company, and are listed on APPENDIX 1 hereto.

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