Proprietary Information And Inventions Agreement

Proprietary Information And Inventions Agreement Template for Singapore

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Key Requirements PROMPT example:

"I need a Proprietary Information And Inventions Agreement for a Singapore-based AI research company, specifically tailored for senior data scientists who will be working on our machine learning algorithms and have access to our core intellectual property."

Document background

The Proprietary Information And Inventions Agreement is essential for businesses operating in Singapore that need to protect their intellectual property and confidential information while ensuring clear ownershIP of employee-created innovations. This agreement complies with Singapore's robust IP protection framework and is particularly crucial for technology companies, research institutions, and innovative businesses. It addresses key aspects such as trade secrets, invention assignments, and confidentiality obligations, while ensuring alignment with Singapore's Patents Act, Copyright Act, and employment laws. The agreement is typically executed at the start of employment or when an employee's role changes to involve access to sensitive information or innovation activities.

Suggested Sections

1. Parties: Identifies the contracting parties and their details

2. Background: Sets out context and purpose of the agreement

3. Definitions: Defines key terms used tHRoughout the agreement

4. Confidential Information: Defines scope of confidential information and protection obligations

5. Invention Assignment: Details ownershIP and rights to inventions created during employment

6. Employee Obligations: Specifies duties regarding proprietary information and inventions

7. Term and Termination: Duration and termination provisions

8. Return of Company Property: Obligations regarding return of company materials and information

9. Governing Law: Specifies Singapore law as governing law and jurisdiction

Optional Sections

1. Non-Competition: Restrictions on competitive activities (for senior employees or those with access to sensitive information)

2. Cross-Border Provisions: International application of the agreement for employees working across multIPle jurisdictions

3. Specific Project Provisions: Special terms for particular projects or innovations when employee is involved in specific R&D projects

4. Data Protection: Specific provisions relating to personal data protection under PDPA

Suggested Schedules

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

2. Schedule 2 - Specified Confidential Information: Detailed list of specific confidential information covered

3. Schedule 3 - Third Party Agreements: List of relevant third-party agreements or obligations

4. Schedule 4 - Company Policies: Relevant internal policies regarding IP and confidentiality

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 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

Clauses

Relevant Industries

Technology
Research & Development
Manufacturing
Biotechnology

Relevant Teams

Research & Development
Engineering
Product Development
Information Technology
Innovation

Relevant Roles

Software Engineer
Research Scientist
Product Developer
Technical Architect
Data Scientist
Chief Technology Officer
Innovation Manager
Research Director

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Let's create your Proprietary Information And Inventions Agreement

Authors

Alex Denne

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