• November 2019
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IP Invention Assignment

lawtrades services intellectual property

Invention assignments.

A Confidential Information and Invention Assignment Agreement drafted by an attorney will make sure your company’s IP remains where it belongs.

– Ensure compliance

– Tailored to your business

– Having a lawyer to turn to


Why get legal assistance

This agreement is intended to protect a company’s intellectual property (IP) rights in works created or developed by an employee or contractor while working with the company. An Invention Assignment Agreement is typically signed by all founders and employees of a business and assigns only relevant work product during the signors’ employment with the company. IP assignment agreements provide a durable record of ownership and transfer, as well as protect the rights of all parties. It’s important to ensure you own the property you’re assigning and to define the meaning of “relevant work” for assignment purposes. There are other things to consider before executing the

The benefits
Documents tailored to your business

Some companies will implement a template found online to use as an employment agreement. This carries unnecessary risk as every employment contract should have unique terms to reflect that particular work relationship.

Have an IP invention assignment lawyer to turn to

There’s a good chance you’re going to like your IP invention assignment lawyer from LawTrades and want to keep using them. Perfect – now you have a legal expert to turn to when in need.

Confirm your legal compliance

Compensating employees with equity implicates tax and employment / labor laws. Ensure that your company is complying with the law as you deal with equity compensation.


FAQ


Are there other names for an Invention Assignment Agreement?

Yes. An Invention Assignment Agreement is also called an Employee Confidentiality and Invention Assignment Agreement, Proprietary Information Agreement, Employee Intellectual Property Assignment Agreement, and Protection of Company Interests Agreement.

As an employer, do I need one of these agreements?

Without this agreement, an employer may be able to claim a right to an employee’s invention. The “shop right doctrine” provides that when an employee, during work hours, uses the employer’s materials and equipment to conceive and produce an invention for which the employee obtains a patent, the employee must provide the employer with a non-exclusive right to use the invention.

Do all states permit this type of agreement?

A few states have statutes limiting invention assignment. These statutes make agreements unenforceable when a worker invents on his or her own time without use of employer resources and the invention does not relate to the employer’s business or the employee’s work. It’s important to know the law for your state before drafting or signing an Invention Assignment Agreement.

What provisions are in an Invention Assignment Agreement?

Aside from assigning all IP created by the employee or contractor to the employer, an Invention Assignment Agreement can also include a non-solicitation agreement, confidentiality agreement, at-will employment classification, as well as instructions for returning company materials after termination.


Reviews 

 


Daniel, H. | ★★★★★

“Simple and trustworthy system. The project manager through text message is a good idea and helps a lot with the process, especially their timely response.”


Rafael, R. | ★★★★★

“I was very comfortable with the environment it was my first meeting and I knew it was on the right track I did understand my lawyer I was listening I did absorb the information given to me.”


Ori, A. | ★★★★★

“Great experience all around, LawTrades was just so much more personal and much better than other startup/online on-demand solutions for legal work,. Almost feels like I handpicked and hired the attorney myself. The Attorney was available to answer questions by phone or text message, so was the LawTrades rep who set the whole thing up. And when setting up new entities you always have questions, so this was a big deal for me. The Attorney assigned to my project was available on demand to help out explain things every step of the way and I think the guys at LawTrades have done a great job with making you feel extremely comfortable. After all was done I even got an email and a call from one of the co founders of the company to make sure I had a seamless experience. I never got a call from other companies I had used in the past like Legal zoom and the whole thing always felt so automated. Yes, granted Legal zoom probably have way more clients than Lawtrades and as such would not be feasible for their management to call everyone, however, that was a nice touch which I do appreciate. I will definitely be heading back to Lawtrades whenever I require legal assistance.”


Tamas, P. | ★★★★★

“Price. I know what I am paying instead of getting surprised. Transparent pricing I know what each bit costs instead of getting a big bill and not knowing what parts cost what and how much was for service vs hard fees such as filing fees. Also things progressed rapidly.”


Yash, P. | ★★★★★

“Amazing service, i cant get over texting to get a lawyer. it’s revolutionary and can legitimately improve the US justice system for people with no access to quality lawyers.”


Janet, S. | ★★★★★

“Quick and easy, I used LawTrades and worked with attorney Jonathan Hood to review a NDA. I got my questions answered right away. Arman was a great help making the connection. Would highly recommend the service.”