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Invention Assignment Agreement

Invention Assignment Agreement Template for India

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Key Requirements PROMPT example:

Invention Assignment Agreement

"I need an Invention Assignment Agreement for our software development company based in Bangalore, to be used for all new technical hires starting January 2025, with particular focus on AI and machine learning innovations."

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Document background
The Invention Assignment Agreement is a critical legal document used in India when companies need to secure ownership rights over intellectual property created by their employees or contractors. This agreement is particularly important in sectors involving research, development, or creative work, where new innovations and inventions are regularly developed. The document complies with Indian intellectual property laws, including the Patents Act, 1970, and addresses key aspects such as invention disclosure requirements, assignment procedures, and confidentiality obligations. It's commonly implemented at the time of hiring but can also be executed during employment when an organization needs to formalize its IP protection strategy. The agreement helps prevent future disputes over invention ownership and ensures that companies can properly protect and commercialize innovations developed using their resources.
Suggested Sections

1. Parties: Identification of the parties: employer/company and employee/inventor

2. Background: Context of the agreement, employment relationship, and purpose

3. Definitions: Key terms including 'Invention', 'Intellectual Property Rights', 'Prior Inventions', etc.

4. Scope of Agreement: Coverage of inventions, developments, and improvements during employment

5. Assignment of Rights: Transfer of ownership rights from inventor to company

6. Disclosure Obligations: Inventor's duty to promptly disclose inventions and maintain records

7. Assistance and Cooperation: Inventor's obligations to help secure and protect IP rights

8. Consideration: Compensation or consideration for the assignment of rights

9. Confidentiality: Protection of confidential information related to inventions

10. Representations and Warranties: Inventor's confirmations regarding ownership and rights

11. Term and Survival: Duration of obligations and provisions that survive termination

12. Governing Law and Jurisdiction: Application of Indian law and jurisdiction for disputes

13. General Provisions: Standard clauses including severability, amendments, and notices

Optional Sections

1. Prior Inventions Exclusion: Section excluding specific pre-existing inventions from the agreement

2. Academic and Publication Rights: For academic institutions or research organizations, addressing publication rights

3. Multiple Inventors: Additional provisions for joint inventors or team inventions

4. International Rights: Specific provisions for international patent filings and foreign rights

5. Shop Rights: Company's right to use inventions made using company resources

6. Moral Rights: Treatment of moral rights in jurisdictions where applicable

7. Government Rights: Provisions for government-funded or regulated inventions

8. Non-Competition: Restrictions on competitive activities related to assigned inventions

Suggested Schedules

1. Schedule A - Prior Inventions: List of pre-existing inventions excluded from the agreement

2. Schedule B - Invention Disclosure Form: Standard form for documenting and disclosing new inventions

3. Schedule C - Assignment Procedures: Detailed procedures for invention documentation and assignment

4. Schedule D - Compensation Terms: Details of any specific compensation related to inventions

5. Schedule E - Approved Third Parties: List of approved entities for invention disclosure or collaboration

6. Appendix 1 - Patent Application Procedures: Guidelines for patent application process and requirements

7. Appendix 2 - Confidentiality Guidelines: Detailed confidentiality procedures and requirements

Authors

Alex Denne

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

alex.den.21@genieai.co
Relevant legal definitions
































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Relevant Industries

Technology

Pharmaceuticals

Biotechnology

Manufacturing

Research and Development

Software Development

Electronics

Automotive

Aerospace

Chemical

Medical Devices

Artificial Intelligence

Clean Technology

Industrial Design

Healthcare

Relevant Teams

Research & Development

Engineering

Product Development

Innovation

Legal

Intellectual Property

Technology

Design

Scientific Operations

Software Development

Laboratory Operations

Technical Operations

Patent Operations

Relevant Roles

Research Scientist

Software Engineer

Product Developer

R&D Manager

Chief Technology Officer

Innovation Director

Technical Architect

Design Engineer

Research Fellow

Laboratory Manager

Patent Engineer

Principal Investigator

Process Engineer

Biotechnology Researcher

AI Developer

Industrial Designer

Systems Engineer

Technical Consultant

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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