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Invention Disclosure Agreement Template for Ireland

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Key Requirements PROMPT example:

Invention Disclosure Agreement

"I need an Invention Disclosure Agreement to protect our AI-powered medical diagnostic software before sharing details with potential investors at a funding round in March 2025; the agreement must include specific provisions for source code protection and algorithm confidentiality."

Document background
The Invention Disclosure Agreement serves as a crucial legal instrument in Ireland's innovation ecosystem, designed to protect confidential information about new inventions during their evaluation or development phase. This document is essential when inventors or companies need to share sensitive technical information with potential partners, investors, or evaluators while maintaining legal protection. The agreement, governed by Irish law and compliant with EU regulations, explicitly defines the scope of confidential information, establishes clear usage parameters, and protects the disclosing party's intellectual property rights. It's particularly important in early-stage development, during funding discussions, or when exploring commercial partnerships, ensuring that inventors can safely share their innovations while maintaining their right to future patent protection.
Suggested Sections

1. Parties: Identification of the disclosing party (inventor/owner) and receiving party, including full legal names and addresses

2. Background: Context of the disclosure, relationship between parties, and general purpose of the agreement

3. Definitions: Detailed definitions of key terms including 'Confidential Information', 'Invention', 'Permitted Purpose', 'Affiliates', and 'Representatives'

4. Purpose of Disclosure: Specific permitted purposes for which the receiving party may use the disclosed information

5. Scope of Confidential Information: Detailed description of what constitutes confidential information under the agreement

6. Confidentiality Obligations: Core obligations regarding the protection and non-disclosure of the invention and related information

7. Permitted Disclosures: Circumstances under which the receiving party may disclose information to employees, advisors, or other authorized persons

8. Security Measures: Required security measures for protecting the confidential information

9. Return or Destruction of Information: Obligations regarding the return or destruction of confidential information upon termination or request

10. Duration and Termination: Term of the agreement and conditions for termination

11. Intellectual Property Rights: Confirmation that no IP rights are transferred and all rights remain with the disclosing party

12. Governing Law and Jurisdiction: Specification of Irish law as governing law and Irish courts' jurisdiction

Optional Sections

1. Non-Competition: Restrictions on competing activities - include when there's a risk of the receiving party developing competing products

2. Data Protection: GDPR compliance provisions - include when personal data may be involved in the disclosure

3. Export Control: Export control compliance - include for inventions that may have international trade implications

4. Reverse Engineering Prohibition: Specific prohibition on reverse engineering - include for software or technical inventions

5. Publication Rights: Controls on academic or scientific publication - include when working with research institutions

6. Third Party Rights: Provisions regarding rights of third parties - include when third party technology is incorporated

7. Insurance Requirements: Insurance obligations - include for high-value or high-risk inventions

8. Alternative Dispute Resolution: Mediation or arbitration provisions - include for international parties or complex inventions

Suggested Schedules

1. Schedule 1 - Description of the Invention: Detailed technical description of the invention including drawings, specifications, and any existing patent applications

2. Schedule 2 - Authorized Representatives: List of authorized representatives from each party who may access the confidential information

3. Schedule 3 - Security Protocols: Specific security measures and protocols for handling the confidential information

4. Schedule 4 - Excluded Information: List of any specific information excluded from confidentiality obligations

5. Appendix A - Form of Confidentiality Undertaking: Template confidentiality agreement for employees or representatives who will access the information

6. Appendix B - Disclosure Log: Template for recording all instances of disclosure of the confidential information

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓÆµ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions








































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Relevant Industries

Technology

Biotechnology

Pharmaceutical

Engineering

Manufacturing

Software Development

Medical Devices

Telecommunications

Chemical Industry

Aerospace

Automotive

Research & Development

Clean Technology

Consumer Electronics

Industrial Design

Artificial Intelligence

Internet of Things

Relevant Teams

Legal

Research & Development

Intellectual Property

Innovation

Product Development

Technology Transfer

Corporate Development

Patents

Business Development

Engineering

Scientific Research

Commercial

Compliance

Technical Documentation

Relevant Roles

Patent Attorney

Intellectual Property Lawyer

Research Director

Chief Technology Officer

Innovation Manager

R&D Manager

Product Development Manager

Technical Director

Legal Counsel

IP Portfolio Manager

Technology Transfer Officer

Research Scientist

Development Engineer

Investment Manager

Venture Capital Analyst

Chief Innovation Officer

IP Paralegal

Technology Scout

Commercial Director

Industries







Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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