Nov 4, 2009
What is an inventions agreement?
Generally, the purpose of an inventions agreement is to assign all intellectual property developed by an employee during the employee's term of employment to your company. In addition, these agreements impose contractual obligations on the employee to take actions at your company’s request that may be necessary to perfect your company’s rights in intellectual property (such as executing applications or assignments).
It is common that venture capital investors will require their portfolio companies to ask all employees to enter into agreements for the assignment of inventions.
