Employee Invention Agreement

 

FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which being hereby acknowledged, and in consideration of the undersigned being employed by________________ (the "Company"), the undersigned hereby agrees, acknowledges and represents as follows:

1. That 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 of the right, title and interest to the 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 such letters patent or other registrations as may be required by the Company. This provision shall survive any termination of employment with the Company.

 

Dated this______ day of___________________, 201(x).

 

________________________________
(Name)

________________________________
(Signature)

 

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