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Invention Disclosure Agreement

Invention Disclosure Agreement Template for United States

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Key Requirements PROMPT example:

Invention Disclosure Agreement

"I need an Invention Disclosure Agreement to protect a new software algorithm I've developed, which I plan to present to potential investors in March 2025. The agreement should include strong confidentiality provisions and clear ownership rights assignment."

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Document background
The Invention Disclosure Agreement serves as a crucial first step in protecting intellectual property rights in the United States. This document is typically used when an inventor or research team needs to share details of their innovation with an organization or potential partner while maintaining confidentiality and establishing clear ownership rights. The agreement includes comprehensive technical descriptions, potential applications, and any known prior art. It's essential for compliance with U.S. patent laws and helps prevent potential disputes over invention ownership and rights.
Suggested Sections

1. Parties: Identification of the inventor(s) and the receiving entity

2. Background: Context of the invention disclosure and relationship between parties

3. Definitions: Key terms including 'Invention', 'Confidential Information', 'Intellectual Property Rights'

4. Invention Description: Detailed technical description of the invention

5. Confidentiality Obligations: Terms for maintaining secrecy of the disclosed invention

6. Ownership Rights: Declaration of ownership and assignment provisions

7. Term and Termination: Duration of agreement and termination conditions

Optional Sections

1. Commercial Applications: Section detailing potential commercial uses of the invention - include when commercialization is anticipated

2. Revenue Sharing: Section outlining terms for sharing profits from the invention - include when inventor will receive ongoing compensation

3. Patent Filing Provisions: Section specifying terms regarding patent application process - include when immediate patent filing is contemplated

Suggested Schedules

1. Technical Drawings: Detailed drawings or diagrams of the invention

2. Invention Details Schedule: Comprehensive technical specifications

3. Prior Art Disclosure: List of known similar inventions or relevant prior art

4. Inventor Assignment Form: Formal assignment of invention rights

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
Clauses

























Industries

Federal Patent Law: Key legislation including 35 U.S.C. (Patent Act), America Invents Act (AIA), first-to-file system requirements, and prior art considerations

Trade Secret Law: Defend Trade Secrets Act (DTSA), Uniform Trade Secrets Act (UTSA), and state-specific trade secret laws that protect confidential business information

Employment Law: State-specific employment laws, worker's rights regarding inventions, and shop rights doctrine governing employer-employee relationships in invention contexts

Contract Law: State-specific contract laws, consideration requirements, and enforceability standards that govern agreement formation and execution

Intellectual Property Rights: Copyright laws, assignment of rights provisions, and joint invention considerations that affect intellectual property ownership and transfer

State-Specific Inventor's Rights Laws: State-specific legislation governing inventor's rights, including state restrictions on invention assignment agreements and employee invention rights

Federal Securities Laws: Regulations affecting public company disclosures and insider trading considerations when inventions may impact publicly traded companies

Industry-Specific Regulations: Field-specific regulations and export control requirements that vary by industry (pharmaceutical, technology, etc.)

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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