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Employment & HR

Confidential Information and Inventions Assignment Agreement (with Non-Compete)

Employee confidentiality and IP-assignment agreement that also includes a 12-month post-employment non-compete and non-solicit. Drafted under New York law. Use only in states where employee non-competes are enforceable — do not use in California, North Dakota, Oklahoma, or Minnesota (banned), and check state law before using in Washington, Colorado, Illinois, Oregon, and other states that restrict non-competes to higher-paid employees or impose notice requirements.

COVERS
  • CONFIDENTIAL INFORMATION & INVENTION ASSIGNMENT AGREEMENT
  • 1. Confidential Information.
  • 2. Inventions.
  • and 12 more sections

Pairs with Offer Letter - Full-Time Position (No Equity) and Offer Letter - Full-Time Position (With Equity).

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In plain English

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[COMPANY NAME]

CONFIDENTIAL INFORMATION & INVENTION ASSIGNMENT AGREEMENT

As a condition of my employment with [COMPANY NAME] its subsidiaries, affiliates, successors or assigns (together the “Company”), and in consideration of my employment with the Company, I agree to the following:

1. Confidential Information.

A. Company Information. I agree at all times during my employment with the Company and thereafter, to hold in the strictest confidence, and not to use, except for the benefit of the Company, or to disclose to any person, firm or corporation without written authorization of [the Chief Executive Officer] of the Company, any Company Confidential Information. I understand that my unauthorized use or disclosure of Company Confidential Information during my employment may lead to disciplinary action, up to and including immediate termination and legal action by the Company. I understand that “Company Confidential Information” means any non-public information that relates to the actual or anticipated business, research or development of the Company, or to the Company’s technical data, trade secrets or know-how, including, but not limited to, research, product plans or other information regarding the Company’s products or services and markets therefor, customer lists and customers (including, but not limited to, customers of the Company on which I called or with which I may become acquainted during the term of my employment), software, developments, inventions, processes, formulas, technology, designs, drawings, engineering, hardware configuration information, marketing, finances and other business information; provided, however Company Confidential Information does not include any of the foregoing items to the extent the same have become publicly known and made generally available through no wrongful act of mine or of others.

B. Former Employer Information. I agree that during my employment with the Company, I will not improperly use, disclose, or induce the Company to use any proprietary information or trade secrets of any former or concurrent employer or other person or entity. I further agree that I will not bring onto the premises of the Company or transfer onto the Company’s technology systems any unpublished document, proprietary information or trade secrets belonging to any such employer, person or entity unless consented to in writing by both Company and such employer, person or entity.

C. Third Party Information. I recognize that the Company may have received and in the future may receive from third parties associated with the Company, e.g., the Company’s customers, suppliers, licensors, licensees, partners, or collaborators (“Associated Third Parties”) their confidential or proprietary information (“Associated Third Party Confidential Information”). By way of example, Associated Third Party Confidential Information may include the habits or practices of Associated Third Parties, the technology of Associated Third Parties, requirements of Associated Third Parties, and information related to the business conducted between the Company and such Associated Third Parties. I agree at all times during my employment with the Company and thereafter, to hold in the strictest confidence, and not to use or to disclose to any person, firm or corporation any Associated Third Party Confidential Information, except as necessary in carrying out my work for the Company consistent with the Company’s agreement with such Associated Third Parties. I understand that my unauthorized use or disclosure of Associated Third Party Confidential Information during my employment will lead to disciplinary action, up to and including immediate termination and legal action by the Company.

2. Inventions.

This is a professionally drafted starting point, not legal advice for your specific situation. Using it does not create an attorney-client relationship.