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A contract is a binding agreement between two parties who agree to
give each other a “consideration” -- something of value
-- which binds each party to perform its obligations under the contract.
The "consideration" can be money, services, products, or
even a promise.
Some of the contracts normally used to protect intellectual property
include:
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NDA’s (Non-Disclosure Agreements) / Confidentiality
Agreements / Non-Circumvention Agreements are used when one
or both parties want to share confidential information with
the other, usually in the hope that the two parties can do business
together. Such agreements are generally designed to limit the
receiving party's ability to use the confidential information
for its own benefit, and prevent the receiving party from “going
around” the divulging party.
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Employment Agreements are frequently used by employers to
(a) set forth clearly that any inventions made by employees
during their employment become the intellectual property of
the employer, and (b) require employees to keep the employer's
confidential information from their competitors, including even
inventions invented by the employee.
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Assignment Agreements transfer ownership of intellectual property
from one party to another.
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License Agreements give one party the right to use another's
intellectual property. License agreements can be exclusive or
non-exclusive in nature, and can have built into them performance
levels which must be met if the license is to remain exclusive.
Collaboration Agreements and Joint Venture Agreements set forth
the terms under which two or more companies will work together
in trying to develop an invention, and determine which company
will own any intellectual property that is created during the
collaboration.
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We can provide all of these services, please contact us for estimated
costs as each situation is unique.
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| This information is provided for
educational purposes only. You should not rely on the information
presented here as a substitute for professional advice. Legal advice
needs to be tailored to specific circumstances, and you should therefore
consult with an attorney for advice regarding your particular situation.
No attorney-client relationship is created by presentation of this
information. |
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