Docstoc Legal Agreements
This Employee Confidentiality, Non-Compete, and Invention Assignment Agreement is
used by companies to keep company information confidential, protect intellectual property
rights, and prevent employees from working for competitors within a certain time frame.
This agreement defines what information is confidential or trade secrets and restricts its use
for the benefit of the company. It also restricts employees from working for a competitor for
a certain time period and within a geographical area. The agreement assigns to the
company intellectual property rights in employees' inventions made in the course of their
employment. This document should be used by companies located in New Hampshire in
order to protect their confidential information and intellectual property.
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EMPLOYEE CONFIDENTIALITY, NON-COMPETE, AND INVENTION
ASSIGNMENT AGREEMENT
THIS EMPLOYMENT CONFIDENTIALITY, NON-COMPETITION, AND INVENTION
ASSIGNMENT AGREEMENT (hereinafter termed as the “Agreement”) is executed and
effective as of ____ [Month] ____ [Date], 20____ [Year] (hereinafter termed as the “Effective
Date”), by and between ____________________________ [Instruction: Insert the name of
company] having its principle place of business at
_______________________________________ [Instruction: Insert the address of company]
(hereinafter termed as the “Company”) and _______________________________ [Instruction:
Insert the name of employee] residing at ____________________________ [Instruction:
Insert the address of employee] (hereinafter termed as the “Employee”), individually known as
“Party” and collectively known as the “Parties”.
WHEREAS, the Employee acknowledges that the Company operates in a competitive
environment and that it enhances its opportunities to succeed by establishing certain policies,
including those included in this Agreement.
WHEREAS, this Agreement is designed to make clear that:
a. the Employee will maintain the confidentiality of the trade secrets and confidential
information of the Company and those of third parties the Company has agreed to
maintain;
b. the Employee will use the trade secrets and confidential information for the exclusive
benefit of the Company;
c. All inventions, discoveries, developments, designs, ideas, works of authorship,
improvements, formulas, processes, techniques, know-how, and data (whether or not
patentable or registerable under copyright or similar statutes) that the Employee creates
will be owned by the Company;
d. the Employee’s prior and continuing activities separate from the Company will not
conflict with the Company’s development of its proprietary rights; and
e. when and if the Employee’s employment with the Company terminates, he or she will not
use his prior position with the Company to the detriment of the Company.
NOW THEREFORE, in consideration of the premises and the mutual agreements and
covenants contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged by the Company and the Employee, it is hereby
agreed as follows:
1. CONFIDENTIAL INFORMATION:
Confidential Information means private or confidential information, data or materials of the
Company, trade secrets, proprietary information and materials, and confidential knowledge
and information which includes, but is not limited to, the matters of a technical nature (such
© Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2
as discoveries, ideas, concepts, designs, drawings, specifications, techniques, models,
diagrams, test data, scientific methods and know-how, and materials such as reagents,
substances, chemical compounds, sub-cellular constituents, cell or cell lines, organisms and
progeny, and mutants, derivatives, or replications derived from or relating to any of the
foregoing materials), and matters of a business nature (such as the identity of customers and
prospect