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Intellectual Property Inventions Agreement

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Intellectual Property Inventions Agreement

This Intellectual Property Inventions Agreement (the "Agreement") is made and entered into as of by and between Company Name: a legal entity organized under the laws of with its principal place of business at (hereinafter "Company"), and Employee/Contractor Name: residing at (hereinafter "Inventor").

RECITALS

WHEREAS, Company is engaged in the business of developing, manufacturing, and commercializing certain products, services, technologies, and processes and desires to protect and own intellectual property developed by persons who provide services to Company; and

WHEREAS, Inventor is or will be employed or retained by Company in a capacity that may involve the creation, conception, reduction to practice, or improvement of inventions, discoveries, designs, developments, processes, software, or other technical or creative works; and

WHEREAS, the parties desire to define their respective rights in such intellectual property and to set forth Inventor's obligations with respect thereto.

NOW, THEREFORE, in consideration of the mutual covenants, promises and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows:

1. DEFINITIONS

1.1 "Invention" means any discovery, improvement, know-how, process, method, formula, composition, design, software (including source code and object code), database, mask work, prototype, or other technology or work product that is conceived, created, developed, reduced to practice or first fixed in a tangible medium of expression by Inventor, either solely or jointly with others, during the Term of Inventor's service to Company that (a) relates to Company's actual or demonstrably anticipated business, research or development, or (b) results from any work performed by Inventor for Company, or (c) uses Company Confidential Information.

1.2 "Confidential Information" means all non-public information disclosed by Company to Inventor, whether orally, in writing, electronically or by inspection, including technical data, know-how, trade secrets, designs, processes, software source code, formulas, product plans, business strategies, customer lists, pricing and marketing information.

2. ASSIGNMENT OF INVENTIONS

2.1 Assignment. Inventor hereby assigns and agrees to assign to Company throughout the world all right, title and interest in and to any and all Inventions and any patents, patent applications, copyrights, moral rights, trade secrets and other intellectual property rights therein, whether such Inventions are conceived, created, or reduced to practice prior to, on, or after the Effective Date, to the extent they meet the criteria in Section 1.1.

2.2 Preexisting Inventions. Inventor represents that the Inventions listed on Schedule A attached hereto (if any) are preexisting and are not subject to assignment under this Agreement. Inventor shall not list any preexisting invention on Schedule A other than those actually conceived and reduced to practice prior to the Effective Date. Provide a complete description of any such preexisting inventions below.

3. DISCLOSURE AND RECORDING

Inventor agrees to promptly disclose to Company in writing each Invention and to keep adequate and current written records (which may be the Inventor's electronic records) of the conception and development of each Invention. Such disclosure shall be made on forms or in the format required by Company and shall be delivered within a commercially reasonable time after conception or reduction to practice.

4. COOPERATION; PATENT PROSECUTION

4.1 Cooperation. Inventor shall, at Company's expense and during and after Inventor's service to Company, execute all documents and take such actions as Company may reasonably request to obtain, maintain, enforce and transfer patents, copyrights, mask works, or other intellectual property rights relating to any Invention. Inventor hereby irrevocably designates and appoints Company as Inventor's agent and attorney-in-fact to execute and deliver on Inventor's behalf any such documents if Inventor fails to do so.

4.2 Expenses. Company shall pay reasonable fees and expenses directly related to the preparation, filing, prosecution and maintenance of patent and other intellectual property applications and registrations, provided that Company shall have the sole authority to control prosecution and maintenance of such rights.

5. CONFIDENTIALITY

5.1 Duty. Inventor shall hold in strict confidence and not disclose, use, or permit use of any Confidential Information except as necessary in the performance of duties for Company or as authorized in writing by Company. This obligation does not apply to information that: (a) is or becomes publicly known through no breach by Inventor; (b) is rightfully received from a third party without restriction; or (c) is independently developed by Inventor without use of Confidential Information.

5.2 Return of Materials. Upon termination of Inventor's service or at Company's request, Inventor shall promptly return all Company materials containing Confidential Information and shall not retain any copies.

6. CONSIDERATION

In consideration for the assignment of Inventions and the obligations set forth in this Agreement, Company acknowledges that Inventor's employment, retention, or continued access to Company proprietary resources and the compensation identified below constitutes sufficient and valuable consideration.

7. TERM; SURVIVAL

This Agreement shall commence on the Effective Date and shall continue for the duration of Inventor's service with Company. Sections relating to assignment, confidentiality, cooperation, remedies, and governing law shall survive termination of Inventor's service for any reason.

8. REMEDIES

Because damages are an inadequate remedy for actual or threatened breaches of this Agreement, Company shall be entitled to seek injunctive relief and other equitable remedies in addition to any other remedies available at law or in equity. Inventor acknowledges that Company may recover attorneys' fees and costs incurred in enforcing this Agreement if Company prevails.

9. REPRESENTATIONS AND WARRANTIES

Inventor represents and warrants that: (a) to the best of Inventor's knowledge, Inventor has full right and authority to enter into this Agreement; (b) any Invention assigned hereunder is original to Inventor except those listed on Schedule A; and (c) execution of this Agreement will not breach any agreement with a third party.

10. NOTICES

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses below by hand, nationally recognized overnight courier, or certified mail, return receipt requested, and shall be effective upon receipt.

11. GOVERNING LAW; VENUE

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to conflict of law principles. The parties submit to the exclusive jurisdiction of the state and federal courts located in that State for any dispute arising under this Agreement.

12. ENTIRE AGREEMENT; AMENDMENT; WAIVER; SEVERABILITY

This Agreement constitutes the entire agreement between the parties with respect to its subject matter and supersedes all prior agreements and understandings. No amendment, modification or waiver shall be effective unless in writing and signed by both parties. The waiver by either party of a breach shall not be construed as a waiver of any subsequent breach. If any provision of this Agreement is held invalid or unenforceable, the remaining provisions shall continue in full force and effect.

13. ASSIGNMENT; SUCCESSORS

Company may assign this Agreement and its rights hereunder to any successor in interest. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, legal representatives, successors and permitted assigns.

14. COUNTERPARTS

This Agreement may be executed in counterparts, each of which shall be an original and all of which together shall constitute one and the same instrument. Signatures transmitted by electronic or facsimile transmission shall be deemed originals for all purposes.

Company:

By:

Date:

Inventor:

By:

Date:

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What the Intellectual Property Inventions Agreement Is

An Intellectual Property Inventions Agreement is a legal contract that records the assignment or ownership of inventions, discoveries, improvements, and related intellectual property created by an individual for an employer or under a contract. It defines what constitutes an invention, requires disclosure to the employer, and typically contains assignment language transferring patent, copyright, and related rights. The agreement also clarifies compensation, confidentiality, and the employee or contractor's duty to assist with patent prosecution and formal assignments.

Why this agreement matters for organizations and creators

The agreement reduces ownership disputes, ensures clear assignment of rights, and documents each party's obligations regarding disclosure, prosecution assistance, and confidentiality. It protects an organization’s ability to commercialize inventions and helps inventors understand compensation and obligations.

Why this agreement matters for organizations and creators

Who typically uses an Intellectual Property Inventions Agreement

Common users include employers, startups, contractors, university tech transfer offices, and individual inventors entering collaborative projects.

  • Startups and employers protecting company-owned inventions and trade secrets in employment relationships.
  • Independent contractors and vendors clarifying assignment terms before beginning paid development work.
  • Universities and research institutions documenting transfer and commercialization obligations for faculty and students.

Tailoring provisions to role and jurisdiction helps reduce later disputes and ensures enforceability across typical employer‑inventor relationships.

Primary signers and stakeholders

Inventor-Employee

An inventor-employee signs to acknowledge disclosure obligations, assignment of invention rights to the employer, and cooperation with patent filings. The narrative should state whether compensation or inventor recognition is provided and when post-employment obligations expire.

Company Representative

A company signatory represents the employer’s acceptance of assignment language, agrees to provide any promised consideration, and confirms the company will take responsibility for prosecution and maintenance of filed patents and related IP.

Core provisions to include in a professional agreement

A well-drafted Intellectual Property Inventions Agreement is concise but addresses definition, assignment, disclosure, assistance, confidentiality, and governing law to prevent ambiguity and preserve rights.

Definitions

Clear definitions for 'Invention,' 'Improvement,' 'Work Product,' and the scope of covered intellectual property to limit disputes about what must be assigned.

Assignment

Unambiguous assignment clause transferring all present and future rights, including moral rights to the employer, and covering patent, copyright, and related IP.

Disclosure Obligations

Requirements for timely written disclosure of inventions to the employer, including notice content and submission process for invention disclosures.

Assistance and Cooperation

Obligation for the inventor to assist with patent prosecution, execute assignments, and provide testimony or declarations as needed after employment ends.

Confidentiality

Non-disclosure provisions protecting trade secrets and proprietary information, including permitted disclosures and duration of confidentiality.

Governing Law

Choice of law and dispute resolution provisions indicating which state law governs and whether arbitration or courts apply.

Step-by-step: completing and executing the agreement

Follow these sequential steps to prepare, review, and finalize an Intellectual Property Inventions Agreement.

  • 01
    Draft: Populate parties, dates, and defined terms.
  • 02
    Review: Have legal counsel or HR confirm assignment and compensation language.
  • 03
    Sign: Obtain signatures from inventor and authorized company representative.
  • 04
    Store: Retain executed originals in personnel and IP files.

How to customize and complete the agreement online

Configure the online document to reflect party roles, required fields, signer order, and any conditional sections before sending for signature.

Template Lock standard clauses; allow edits in fillable fields only.
Signers and Order Set inventor then company rep in signing sequence.
Authentication Require email plus SMS code or stronger ID proofing for critical roles.
Notifications Enable email confirmations and a copy to legal counsel.
Storage Location Direct final PDF to company secure repository or HR folder.

Where to file, send, or submit executed copies

Executed agreements are normally retained internally; certain situations require additional distribution to counsel or recordation with patent offices.

  • Company Records: Store in HR and corporate IP files.
  • Patent Counsel: Send a copy if patent prosecution or recording is expected.
  • Payroll/Equity: Provide to compensation or equity administrators when consideration is involved.
  • Third Parties: Share only under confidentiality conditions and need-to-know basis.

Digital signing and technical considerations

Use a secure eSignature workflow that preserves an audit trail and retains a tamper-evident final document.

  • Authentication: Email + SMS or stronger
  • Document Formats: PDF/A, Word DOCX supported
  • Integrations: Connect to HR and document repositories

Key risks if the agreement is incomplete or incorrect

Ownership Dispute: Inventorship or assignment may be contested
Patent Loss: Unclear assignment could impair prosecution or rights
Contract Voidance: Defective signatures or wrong entity names risk unenforceability
Compensation Claims: Vague consideration language can trigger disputes
Confidentiality Breach: Insufficient protections may expose trade secrets
Regulatory Risk: Healthcare or government contracts may require extra clauses

Common mistakes to avoid when preparing the agreement

  • Using an informal template that lacks clear assignment language increases the risk of later ownership disputes and litigation.
  • Failing to list the correct company legal entity name can render the assignment ineffective against third parties or during recordation.
  • Omitting cooperation clauses prevents effective patent prosecution when inventors cannot or will not sign follow-up documents.
  • Relying on weak authentication for signatures on high-value inventions can weaken evidentiary support in contested proceedings.

Illustrative scenarios showing practical use

These short scenarios show how an Intellectual Property Inventions Agreement operates in common situations involving employment, contracting, and university research.

Company Employment Scenario

A startup required all engineers to sign before starting work, improving clarity on ownership.

  • Inventor agreed to assignment upon hire.
  • After an invention disclosure, the company filed a patent and credited the inventor, avoiding later disputes by relying on the signed agreement and documented disclosures.

Contractor Development Scenario

A contractor executed an assignment prior to a paid project to ensure deliverables were company-owned.

  • Agreement specified work-for-hire and assignment.
  • The company integrated the deliverables into product development and recorded no further disputes because assignment language and invoicing documented the exchange of consideration.

eSignature vendor comparison for executing this agreement

Common eSignature platforms differ on price, bulk sending, and compliance features. The table shows starting price and key capabilities relevant to executing and storing signed IP agreements.

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 No Yes, limited Yes, limited
Bulk Send Yes Yes Yes Yes No
Audit Trail Yes Yes Yes Yes Yes
HIPAA Compliant Yes Yes Yes No No

Frequently asked questions about Intellectual Property Inventions Agreements

Answers to common questions about enforceability, electronic signatures, notarization, and practical concerns when using this agreement.


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