Definitions
Define 'product', 'work for hire', 'invention', 'confidential information', 'effective date', and scope so terms are unambiguous and reduce later disputes.
A clear Employee Product Agreement reduces disputes over ownership, preserves company IP rights, and documents expectations for both parties in writing.
Use counsel to adapt the agreement to specific roles, remote work situations, and any state-specific statutory nuances before execution.
Employee (Inventor/Developer) — the individual who creates, designs, or contributes to the product and must acknowledge assignment of specified rights, disclose inventions promptly, and follow confidentiality obligations during and after employment.
Employer (Company Representative) — an authorized officer or HR designee who accepts assignment language on behalf of the company, confirms consideration where required, and ensures the agreement references applicable company IP policies and compensation terms.
Define 'product', 'work for hire', 'invention', 'confidential information', 'effective date', and scope so terms are unambiguous and reduce later disputes.
Specify whether employee assigns all rights in products created during employment, the scope of assignment, and exceptions for prior inventions with a disclosure schedule.
Document any additional payments, stock awards, or bonuses tied to product milestones or successful commercialization to satisfy contract and consideration rules.
Include non-disclosure obligations, permitted disclosures, duration of secrecy obligations, and procedures for returning materials on termination.
Require timely disclosure of inventions and cooperation in patent applications or transfers, including after termination, and specify expense reimbursement if applicable.
Identify governing state law, dispute resolution method (arbitration or courts), injunctive relief rights, and remedies for breach.
| Field | Configuration |
|---|---|
| Signature Order | Sequential signing: employee first, then company rep |
| Authentication | Email plus optional SMS code for signer identity |
| Reminder Schedule | Automatic reminders at 3 and 7 days after send |
| Retention | Store signed PDF with audit trail in secure repository |
Ensure the chosen system can produce a tamper-evident signed PDF and retain execution metadata required for enforceability and audits.
Set as MM/DD/YYYY on signature to mark obligations start
Require employee to disclose related inventions promptly; define a 30–90 day window
Specify how long employee must cooperate post-termination, commonly 1–3 years
List dates for bonus or royalty payments connected to product performance
Keep signed agreement for the statutory retention period relevant to record type
Company prepares tailored agreement and prior invention schedule
Legal and HR approve terms and compensation
Employee and company sign; record timestamp and audit data
Store final executed copy in secure, access-controlled records
| Document Type | Employee Product Agreement | Employment Agreement |
|---|---|---|
| Primary purpose | assign ip | define employment terms |
| IP focus | high | varies |
| Compensation linkage | yes, often | usually base pay |
| Post-termination duties | cooperation required | noncompete/none |
| signNow | DocuSign | Adobe Sign | PandaDoc | HelloSign | |
|---|---|---|---|---|---|
| Starting Price | $8/user/mo | $15/user/mo | $14/user/mo | $19/user/mo | $15/user/mo |
| Free Trial | 7-day free trial, no credit card | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Bulk Send | Yes (bulk send available) | Yes | Yes | Yes | Limited |
| Audit Trail | Yes | Yes | Yes | Yes | Yes |
| HIPAA Compliant | Yes (BAA available) | Varies by plan | Varies by plan | Varies by plan | Varies by plan |
| Envelope Cap | No cap | 100 envelopes/user/year | Varies by plan | Varies by plan | Varies by plan |
Optica used a standardized agreement to clarify IP ownership across its developers
A small real estate firm formalized product deliverables for a listing portal