• October 2019
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Confidential Information and Invention Assignment Agreement



Use this confidential information and invention assignment agreement to transfer intellectual property while keeping private information secret.

Uses

  • Selling all or some of the intellectual property associated with an invention in a manner that keeps trade secrets private
  • Buying all or some of the intellectual property associated with an invention in a manner that keeps trade secrets private

Overview

If you have invented some great new product or innovative way of doing things, you may want to bring on partners to help you develop your idea into a product or service. However, whenever you are trusting someone with your valuable intellectual property, you might want to take extra precautions to ensure that your trade secrets remain private. This confidential information and invention assignment agreement can help you strike two birds with one stone: both protect your confidential information and share intellectual property only with those who you want to have it.

Intellectual property rights regarding trademarks, patents, trade secrets, and personal work product have been recognized by the law for centuries. Information, designs, and ideas can just be as commercially valuable as a product or service, if not more so. As a result, whenever you are transacting with intellectual property, it is critical to make sure that everyone involved is clear on the terms, conditions, and details of the exchange. If you are negotiating the transfer of some or all of your intellectual property, use this interactive form to create a confidential information and invention assignment agreement that works for you. If private information is accidentally released, this agreement gives you a legal claim for damages caused by the leak. This can prove very helpful if you suddenly discover a competitor has copied your design shortly after you share the details with a business partner or client.