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Invention Agreement Binding Employee
FOR GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, and in further consideration of being employed by [Name] of [Address], hereinafter referred to as "Company", and [Name] of [Address], hereinafter referred to as the "Undersigned" intending to be legally bound, agree as follows:
(1). During the tenure of my employment, I the Undersigned, agree to inform the Company of any inventions, improvements, or refinements for processes or equipment that may come about as a result of my employment or as a result of any research ideas discussed in a collaborative effort with another employee of said Company;
or that may come about while using the Company's equipment and plant, or on Company time or in conjunction with any other Company employee;
or are related to any aspect of or line of business of the Company, either currently operating or currently being planned to operate.
(2). I the Undersigned, hereby convey and relinquish to the Company all rights and title to any of the inventions, improvements or refinements subject to paragraph (1) above, which I may create.
(3). I the Undersigned, will sign and execute any document required by the Company to register, perfect and protect any patent that may come about by my efforts on behalf of the Company.
(4). This agreement shall continue in force after cessation of my employment with the Company, whether voluntary or at the discretion of the Company.
Name of Undersigned
This Section for Notary:
STATE OF -------)
) ss: [Date]
COUNTY OF ------)
On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
[Name of Notary Public]
My commission expires: [date]