Easily Remove Smart Field in the Inventions Agreement

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How to Remove Smart Field in the Inventions Agreement

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hi Im Matt Crowley this particular webinar is going to focus on of confidentiality agreement this is one that your employees and your independent contractors should sign so this particular one obviously your employees are going to have trade secret information in their head of all kinds of varieties so if its a software engineer it may be the code it may be the wireframe it could be the architecture of how youre building out of platform if its the salesperson it could very well be the customer list it could be the pricing not just the wreck rate that you advertise to the public but the internal rate in terms of how much discount different classes of customers get it could be client information about who the decision-maker is at IBM as opposed to just IBM those kinds of things are things that you might want to protect and the best way to do it is design an employee confidentiality agreement now from a technical standpoint I would call this a non-disclosure in proprietary inventions

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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.

What are prior developments?

Related Definitions Prior Developments means any Development that the Employee establishes was developed prior to the Employee performing such services for the Company and precedes the Employees initial engagement with the Company.

What is a list of prior intellectual property?

Prior Intellectual Property means all inventions, original works of authorship and trademarks of any kind whatsoever, which Executive created, owned or had any right to, or currently owns or has any right whatsoever to prior to entering this Agreement.

What does prior innovation mean?

Prior Innovations means Innovations that Consultant, solely or jointly with others, conceived, developed or reduced to practice prior to the Effective Date, which are owned by Consultant or in which Consultant has an interest.

What do you write in prior inventions?

Disclosure of Prior Inventions. 1 have identified on Attachment A (Prior Inventions) attached hereto all Inventions relating in any way to Companys business or proposed business which were made by me prior to my employment with Company (Prior Inventions), and I represent that such list is complete.

What does executed a confidentiality and invention assignment agreement mean?

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.

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 the prior invention clause?

It is understood that all Inventions, if any, patented or unpatented, which Employee made prior to the date that the Company and Employee entered into this Agreement, are excluded from the scope of this Agreement.

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