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Confidential Information And Invention Assignment Agreement
"I need a Confidential Information And Invention Assignment Agreement for our UK-based software development company to use with new contractors, particularly focusing on protecting our AI algorithms and ensuring all improvements to our existing codebase are assigned to us, to be implemented from January 2025."
1. Parties: Identification of the contracting parties including full legal names and addresses
2. Background: Context and purpose of the agreement, including the relationship between the parties
3. Definitions: Key terms used throughout the agreement including Confidential Information, Inventions, and Intellectual Property Rights
4. Confidential Information: Definition and scope of confidential information, including protection obligations and permitted uses
5. Ownership of Inventions: Assignment of rights and ownership of inventions created during the relationship
6. Protection Obligations: Specific duties and measures required to protect confidential information
7. Term and Termination: Duration of the agreement and circumstances under which it can be terminated
8. Return of Materials: Obligations regarding return or destruction of confidential materials upon termination
1. Non-Competition: Restrictions on competitive activities during and after the agreement term
2. Third Party Rights: Provisions addressing rights of third parties under the agreement
3. International Transfer: Provisions governing international transfer of data and confidential information
1. Schedule of Existing Inventions: List of pre-existing inventions excluded from the scope of assignment
2. Schedule of Confidential Information: Detailed categorization and examples of confidential information covered
3. Form of Assignment: Template document for specific invention assignments
4. Data Processing Requirements: Specific data protection obligations and procedures under UK GDPR
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