Fillable Printable Proprietary Information and Intellectual Property Assignment Agreement
Fillable Printable Proprietary Information and Intellectual Property Assignment Agreement
Proprietary Information and Intellectual Property Assignment Agreement
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Employee Initials____ Company ______
Employee: ____________________
PROPRIETARY INFORMATION AND
INTELLECTUAL PROPERTY ASSIGNMENT AGREEMENT
As a condition of my being employed or hired by __[insert Company name]_, or any of
its current or future subsidiaries, affiliates, successors or assigns (collectively, the “Company”),
and in consideration of my relationship with the Company and my receipt of the compensation
now and hereafter paid to me by the Company, I agree to the following:
1. The Relationship. Any employment relationship between the Company and me,
whether commenced prior to or upon the date of this Agreement, shall be referred to herein as
the “Relationship.” I acknowledge that the Company is relying on my commitment to the
obligations set forth herein in employing and continuing to employ me. I acknowledge,
however, that this Agreement does not impose on the Company any obligation to employ me for
any period of time and that, except as provided in any written agreement to the contrary, my
employment can be terminated at will by the Company. My obligations hereunder shall be in
addition to the obligations contained in any written employment agreement between me and the
Company or any written employment policies promulgated by the Company.
2. Proprietary Information.
(a)Company Information. I agree at all times during the term of the
Relationship and thereafter, to hold in strictest confidence, and not to use, except for the benefit
of the Company, or to disclose to any person, firm or corporation without written authorization
of the President of the Company, any Proprietary Information of the Company that I obtain or
create. I agree to hold the Proprietary Information confidential for five (5) years after
termination of the Relationship, except that my obligations to hold confidential any trade secrets
shall continue indefinitely. I further agree not to make copies of such Proprietary Information
except as authorized by the Company. I understand that “Proprietary Information” means any
Company proprietary information, technical data, trade secrets or know-how, including, but not
limited to, research, product plans, products, services, service providers, licensees, customer lists
and customers (including, but not limited to, customers of the Company on whom I called or
with whom I became acquainted during the Relationship), prices and costs, markets, software,
developments, inventions, processes, technology, designs, drawings, engineering, hardware
configuration information, marketing, licenses, finances, budgets or other business information
disclosed to me by the Company either directly or indirectly in writing, orally or by drawings or
observation of parts or equipment or created by me during the period of the Relationship,
whether or not during working hours. I understand that “Proprietary Information” includes, but
is not limited to, information pertaining to any aspects of the Company’s business which is either
information not known by actual or potential competitors of the Company or is proprietary
information of the Company or its customers, licensees or suppliers, whether of a technical
nature or otherwise. I further understand that Proprietary Information does not include any of the
foregoing items which: (a) were publicly known and made generally available in the public
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Employee Initials____ Company ______
domain prior to the time of disclosure to me by the Company; (b) become publicly known and
made generally available through no wrongful act of mine or of others who were under
confidentiality obligations as to the item or items involved; (c) is already in my possession at the
time of disclosure by the Company and which I can prove by my own files and records; (d) is
obtained by me from a third party without a breach of the third party’s obligation of
confidentiality; (e) is independently developed by me without use or reference to the Proprietary
Information, as shown by documents and other competent evidence in my possession; or (f) is
required to be disclosed by law, regulation, or order of a court or government authority having
competent jurisdiction, provided I notify the Company promptly of such a request so the
Company may seek an appropriate protective order or other relief .
(b)Third Party Information. I recognize that the Company has received
and in the future will receive from third parties their confidential or proprietary information
subject to a duty on the Company’s part to maintain the confidentiality of such information and
to use it only for certain limited purposes (“Third Party Information”). I agree to hold all such
confidential or proprietary information in the strictest confidence and not to disclose it to any
person, firm or corporation or to use it except as necessary in carrying out my work for the
Company in a manner consistent with the Company’s agreement with such third party.
(c)Nondisclosure. As part of the consideration for entering the Relationship,
I agree at all times during the term of the Relationship and thereafter, to hold in strictest
confidence, and not to use, except for the benefit of the Company, or to disclose to any person,
firm or corporation without written authorization of the President of the Company, any
Proprietary Information or Third Party Information.
3. Intellectual Property.
(a)Intellectual Property Retained and Licensed. I hereby confirm that,
except as disclosed by me on Attachment A, there are no inventions or original works of
authorship that were made by me prior to the Relationship (collectively referred to as “Prior
Intellectual Property”), which belong to me and which relate to the Company’s proposed or
current business, services, products or research and development.
(b)Assignment of Intellectual Property. I agree that I will promptly make
full written disclosure to the Company, will hold in trust for the sole right and benefit of the
Company, and hereby assign, and agree to assign, to the Company, or its designee, all my right,
title and interest throughout the world in and to any and all inventions, original works of
authorship, developments, concepts, know-how, improvements, trademarks, domain names or
trade secrets, whether or not patentable or registrable under patent, trademark, copyright or
similar laws, that I may solely or jointly conceive or develop or reduce to practice or fix in a
tangible medium, or cause to be conceived or developed or reduced to practice or fixed in a
tangible medium, within the scope of and during the period of time of the Relationship
(collectively referred to as “Intellectual Property”). I further acknowledge that all Intellectual
Property which is developed by me (solely or jointly with others) within the scope of and during
the period of the Relationship is a “work made for hire” (to the greatest extent permitted by
applicable law) and is compensated by my salary, unless regulated otherwise by mandatory law.
Finally, I acknowledge that this Section 3(b) does not apply to an invention for which no
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Employee Initials____ Company ______
equipment, supplies, facility or trade secret information of the Company was used and which was
developed entirely on my own time, and (1) which does not relate (a) directly to the business of
the Company or (b) to the Company’s actual or demonstrably anticipated research or
development, and (2) which does not result from any work perfor med by me for the Company.
(c)Maintenance of Records. I agree to keep and maintain adequate and
current written records of all Intellectual Property developed by me (solely or jointly with others)
during the term of the Relationship. The records may be in the form of notes, sketches,
drawings, flow charts, electronic data or recordings, and any other format. The records will be
available to and remain the sole property of the Company at all times. I agree not to remove
such records from the Company’s place of business except as expressly permitted by Company
policy which may, from time to time, be revised at the sole discretion of the Company.
(d) Intellectual Property Registrations. I agree to assist the Company, or
its designee, at the Company’s expense, in every proper way to secure the Company’s rights in
the Intellectual Property and other intellectual property rights relating thereto in any and all
countries, including the disclosure to the Company of all pertinent information and data with
respect thereto, the execution of all applications, specifications, oaths, assignments and all other
instruments which the Company shall deem necessary in order to apply for, obtain, maintain and
transfer such rights and in order to assign and convey to the Company, its successors, assigns and
nominees the sole and exclusive rights, title and interest in and to such Intellectual Property, and
other intellectual property rights relating thereto. I further agree that my obligation to execute or
cause to be executed, when it is in my power to do so, any such instrument or papers shall
continue after the termination of this Agreement. If the Company is unable because of my
mental or physical incapacity or unavailability or for any other reason to secure my signature to
apply for or to pursue any application for any United States or foreign patents or copyright
registrations covering Intellectual Property assigned to the Company as above, then I hereby
irrevocably designate and appoint the Company and its duly authorized officers and agents as my
agent and attorney in fact, to act for and in my behalf and stead to execute and file any such
applications and to do all other lawfully permitted acts to further the application for, prosecution,
issuance, maintenance or transfer of letters patent or trademark or copyright registrations thereon
with the same legal force and effect as if executed by me. I hereby waive and irrevocably
quitclaim to the Company any and all claims, of any nature whatsoever, which I now or hereafter
have for infringement of any and all proprietary rights assigned to the Company.
(e)Original Work. I hereby agree that the Intellectual Property created by
me during the Relationship will be my own original creation and that it will in no way infringe
upon any rights of any other person or business entity.
(f) No Rights. I understand that nothing in this Agreement is intended to
grant any rights to me under any patent, trademark, copyright or other intellectual property right
of the Company, nor will this Agreement grant me any rights in or to the Proprietary
Information, except as expressly set forth in this Agreement.
4. Returning Company Documents. I agree that, at the time of termination of the
Relationship, I will deliver to the Company (and will not keep in my possession, recreate or
deliver to anyone else) any and all devices, records, data, notes, reports, proposals, lists,
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Employee Initials____ Company ______
correspondence, specifications, drawings, blueprints, sketches, materials, flow charts, equipment,
other documents or property, or reproductions of any aforementioned items developed by me
pursuant to the Relationship or otherwise belonging to the Company, its successors or assigns. I
further agree that to any property situated on the Company’s premises and owned by the
Company, including disks and other storage media, filing cabinets or other work areas, is subject
to inspection by Company personnel at any time with or without notice. In the event of the
termination of the Relationship, I agree to sign and deliver the “Termination Certificate” attached
hereto as Appendix B.
5. Notification to Other Parties. In the event that I leave the employ of the
Company, I hereby consent to notification by the Company to my new employer about my rights
and obligations under this Agreement.
6. Representations and Covenants.
(a)Facilitation of Agreement. I agree to execute promptly any proper oath
or verify any proper document required to carry out the terms of this Agreement upon the
Company’s written request to do so.
(b)Conflicts. I represent that my performance of all the terms of this
Agreement will not breach any agreement to keep in confidence proprietary information acquired
by me in confidence or in trust prior to commencement of the Relationship. I have not entered
into, and I agree I will not enter into, any oral or written agreement in conflict with any of the
provisions of this Agreement.
(c)Voluntary Execution. I certify and acknowledge that I have carefully
read all of the provisions of this Agreement and that I understand and will fully and faithfully
comply with such provisions.
7. No Warranty.
ALL PROPRIETARY INFORMATION IS PROVIDED ON AN “AS IS” BASIS.
COMPANY MAKES NO WARRANTIES, EXPRESS OR IMPLIED, OR OTHERWISE,
REGARDING THE ACCURACY, COMPLETENESS, OR PERFORMANCE OF THE
PROPRIETARY INFORMATION.
8. General Provisions.
(a)Governing Law. The validity, interpretation, construction and
performance of this Agreement shall be governed by the laws of the State of Colorado, without
giving effect to the principles of conflict of laws.
(b)Entire Agreement. This Agreement and the related Appendices set forth
the entire agreement and understanding between the Company and me relating to the subject
matter herein and merges all prior discussions between us. No modification or amendment to
this Agreement, nor any waiver of any rights under this Agreement, will be effective unless in
writing signed by the parties hereto. Any subsequent change or changes in my duties,
obligations, rights or co mpensation will not affect the validity or scope of this Agreement.
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Employee Initials____ Company ______
(c)Severability. If any provision of this Agreement or part thereof shall be
held by a court or other tribunal of competent jurisdiction to be unenforceable, then such
provision or part thereof shall be excised herefrom and the remaining provisions of this
Agreement and parts thereof shall remain in full force and effect.
(d)Successors and Assigns. This Agreement will be binding upon and inure
to the benefit of each party's heirs, executors, administrators, legal representatives, successors,
and assigns.
(e)Survival. The provisions of this Agreement shall survive the termination
of the Relationship and the assignment of this Agreement by the Company to any successor in
interest or other assignee.
(f) Breach. The parties agree that it is impossible to measure in money the
damages that will accrue to the Company due to my breach of this Agreement and/or failure to
perform any of my obligations under this Agreement. Therefore, in the event the Company
institutes any action or proceeding to specifically enforce the provisions of this Agreement by
injunctive or other form of equitable relief, I hereby waive the claim or defense that the
Company has an adequate remedy at law or that the Company has not been or is not being
irreparably harmed, and I shall not assert in any such action or proceeding the claim or defense
that such remedy at law exists.
(g)Counterparts. This Agreement may be executed in any number of
separate counterparts, all of which, when taken together, shall constitute one and the same
instrument.
(h)ADVICE OF COUNSEL. I ACKNOWLEDGE THAT, IN
EXECUTING THIS AGREEMENT, I HAVE HAD THE OPPORTUNITY TO SEEK THE
ADVICE OF LEGAL COUNSEL, AND I HAVE READ AND UNDERSTOOD ALL OF THE
TERMS AND PROVISIONS OF THIS AGREEMENT. THIS AGREEMENT SHALL NOT
BE CONSTRUED AGAINST ANY PARTY BY REASON OF THE DRAFTING OR
PREPARATION HEREOF.
[signatures appear on the following page]
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Employee Initials____ Company ______
The parties have executed this Agreement on the respective dates set forth below:
COMPANY: EMPLOYEE:
By: By: __________________________
anIndividual
Signature: Signature:
Title:
Date: Date:
Address: Address:
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Employee Initials____ Company ______
APPENDIX A
PRIOR INTELLECTUAL PROPERTY
Employee Name: __________________________________
Date:______________________________________
I certify that the information provided below identifies all prior intellectual property for which I
am an inventor and/or an owner.
Do you have any inventions that were conceived, developed or reduced to practice prior to
entering into the Relationship? If so, please identify the current owner and provide a non-
confidential description of the invention. Did you file a patent application? If so, please provide
any published patent application numbers or issued patents.
Did you create or help to create any computer programs, writings of any type, graphic or artistic
works or any other tangible materials for a previous employer? If so, please briefly describe the
types of materials or work product which you created. Do you have any copyright registrations?
If so, please provide a brief description of the work and the registration number.
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Employee Initials____ Company ______
APPENDIX B
TERMINATION CERTIFICATE
This is to certify that I do not have in my possession, nor have I failed to return, any
devices, records, data, notes, reports, proposals, lists, correspondence, specifications, drawings,
blueprints, sketches, materials, equipment, other documents or property, or reproductions of any
aforementioned items belonging to ___[insert Company name]__ its subsidiaries, affiliates,
successors or assigns (together the “Company”).
I further certify that I have complied with all the terms of the Company’s Proprietary
Information and Intellectual Property Assignment Agreement signed by me, including the
reporting of any Intellectual Property, conceived or made by me (solely or jointly with others)
covered by that agreement.
Date:
___________________________________
(Signature)
___________________________________
(Type/PrintName)
