Sections
Progress
1 / 10
Enter the full legal name of this party exactly as it appears on their ID or business registration.
Enter the full legal name of this party exactly as it appears on their ID or business registration.
A Proprietary Information and Inventions Assignment Agreement (PIIA or PIAA) is the most critical agreement a company executes with employees and contractors. It ensures the company owns all work product, inventions, software, designs, and improvements created by the worker during the engagement — not just work done on company time and equipment, but anything related to the company's business or using company resources. Without a signed PIIA, the company may not legally own the IP created by its own employees. Investors and acquirers invariably audit for signed PIIAs before closing deals. Fill out this free proprietary information and inventions assignment agreement template online, e-sign it digitally, and download a legally valid PDF. no account or lawyer needed. Sections: Parties, Terms.
This Proprietary Information and Inventions Assignment Agreement (the "Agreement") is entered into as of ______________ by and between ______________, located at ______________ (the "Company"), and ______________, located at ______________ (the "Employee"), serving in the role of ______________.
In consideration of Employee's employment and the compensation and benefits provided by Company, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:
"Confidential Information" means any non-public information of any kind disclosed by Company to Employee or to which Employee has access in connection with the engagement, including but not limited to: trade secrets; source code; algorithms; technical specifications; product roadmaps; financial data; business strategies and plans; customer and prospect lists; pricing; personnel information; marketing plans; acquisition targets; and any other information that Company treats as confidential or that a reasonable person would understand to be confidential. Confidential Information does not include information that: (a) is or becomes publicly available through no fault of Employee; (b) was rightfully known to Employee before disclosure without confidentiality restriction; or (c) is independently developed without use of Confidential Information.
Employee shall: (a) hold all Confidential Information in strict confidence; (b) use Confidential Information solely for the benefit of Company; (c) not disclose Confidential Information to any third party without Company's prior written consent; (d) protect Confidential Information with at least the same level of care used to protect Employee's own most sensitive information, and in no event less than reasonable care; and (e) upon termination of this engagement or upon Company's request, immediately return or certify destruction of all Confidential Information in any form. These obligations continue indefinitely after the termination of this Agreement. Disclosure of trade secrets is further governed by the Defend Trade Secrets Act (DTSA), 18 U.S.C. § 1833, which provides immunity from liability for disclosure to a government official or an attorney solely for reporting or investigating a suspected violation of law.
Employee hereby irrevocably assigns, transfers, and conveys to Company, and Company's successors and assigns, all right, title, and interest in and to all Inventions. "Inventions" means all inventions, discoveries, innovations, improvements, developments, methods, processes, designs, analyses, drawings, reports, and all similar or related information, whether patentable or not, which Employee (alone or jointly with others): (a) conceives, develops, or reduces to practice during the term of this engagement; and (b) that either (i) relate to Company's business or anticipated business, (ii) result from tasks assigned to Employee by Company, or (iii) are developed using Company's equipment, supplies, facilities, or Confidential Information.
Employee acknowledges that all Works of Authorship created for Company shall constitute "works made for hire" as defined under 17 U.S.C. § 101. To the extent any Work of Authorship does not qualify as a "work made for hire" under applicable law, Employee hereby assigns all copyright and other rights in such Work of Authorship to Company.
The following inventions, if any, that Employee made prior to this engagement and wishes to retain ownership of are listed below and are expressly excluded from the scope of this Agreement: None. If no prior inventions are listed, Employee represents that there are no such prior inventions.
Employee agrees to execute, upon request, all documents and take all actions reasonably requested by Company to apply for, obtain, record, perfect, and enforce Company's rights in any Invention, including patent applications, copyright registrations, and assignment instruments. Employee irrevocably designates and appoints Company as Employee's attorney-in-fact to execute and file any such documents on Employee's behalf if Employee is unable or unwilling to do so.
For a period of 12 months after the termination of this engagement, Employee shall not, directly or indirectly: (a) solicit, induce, or recruit any employee, contractor, or consultant of Company to leave Company's employ; or (b) solicit or divert any customer or prospective customer of Company with whom Employee had personal contact or about whom Employee received Confidential Information during the engagement.
Employee represents and warrants that: (a) Employee is not subject to any agreement with any prior employer or other party that would conflict with this Agreement; (b) Employee will not use any confidential information of any former employer or third party in performing work for Company; and (c) Employee will not disclose any trade secrets of any third party to Company.
Employee acknowledges that a breach of this Agreement would cause irreparable harm to Company for which monetary damages would be an inadequate remedy, and therefore agrees that Company shall be entitled to seek equitable relief, including an injunction and specific performance, in addition to all other remedies available at law or in equity, without bond, without proving actual damages, and without any other condition precedent.
This Agreement shall be governed by and construed in accordance with the laws of the State of ______________, without regard to its conflict-of-laws principles.