Assignment of Work Product

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					This is an agreement between a company and its employee providing that any sensitive
information the employee learns through the course of the employee's employment will
remain confidential and that the employee is prohibited from sharing this information
with the public. Confidential information includes trade secrets, patents, profits,
revenue, technical information, trademarks and other proprietary information.
Additionally, this agreement grants the company with all of the intellectual property
rights of any work related product created by the employee. This document is ideal for
small businesses and other entities that want to limit exposure of their proprietary
information by their employees.
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               ASSIGNMENT OF WORK PRODUCT AND                                                   ht
                  CONFIDENTIALITY AGREEMENT                                                     Bi
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THIS ASSIGNMENT OF WORK PRODUCT AND CONFIDENTIALITY AGREEMENT
(this “Agreement”) is effective as of _________ [DATE], by and between                          re
___________________________ [COMPANY NAME] (the “Employer” or the “Company”), a                 e
________             _______________________ [STATE] [TYPE OF ENTITY] and                       In
__________________________ [EMPLOYEE NAME] (the "Employee"), (hereinafter                       c.
collectively referred to as the “Parties”).                                                     2
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WHEREAS, Employee wishes to work for Employer;                                                  A
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WHEREAS, Employer wishes to hire Employee;                                                      ri
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WHEREAS, each of Employer and Employee recognize that Employee’s position at the                ht
Company shall expose Employee to certain Confidential Information (as defined below);           s
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NOW THEREFORE, each of Employer and Employee wish to enter into this Agreement on the           se
terms and conditions set forth below:                                                           rv
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                                            Terms                                               d.
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1. DUTY OF LOYALTY AND BEST EFFORTS                                                             ro
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The Employee shall devote the Employee's best efforts and substantially all of the Employee's   ct
working time to performing his/her duties on behalf of Employer. The Employee shall provide     e
services during the hours that are scheduled by Employer. The Employee shall be prompt in       d
reporting to work at the assigned time.                                                         b
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2. CONFIDENTIALITY                                                                              th
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   A. Exposure. Employee understands that in performance of [HIS/HER] job duties with the       co
      Employer, Employee may be exposed to the Employer’s trade secrets, patents, and other     p
      proprietary information (collectively, the “Confidential Information”).                   yr
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   B. Definition. For the purposes of this Agreement, “Confidential Information” shall mean     ht
      any and all information or material that is commercially valuable to Employer and not     la
      generally known in the industry. This shall include, but shall not be limited to:         w
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              i.      Any and all versions of the Employer's Internet website or software       of
                      systems (including source code and object code), hardware, firmware and   th
                      documentation;                                                            e
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              ii.     Technical information concerning the Employer's products and services,
                      including but not limited to, product specifications, diagrams, test results,
                      inventions, research projects and product development;

              iii.    Information concerning the Employer's business, including but not limited
                      to, cost information, profits, revenue, accounting information, business
                      plans, marketing metho
				
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Description: This is an agreement between a company and its employee providing that any sensitive information the employee learns through the course of the employee's employment will remain confidential and that the employee is prohibited from sharing this information with the public. Confidential information includes trade secrets, patents, profits, revenue, technical information, trademarks and other proprietary information. Additionally, this agreement grants the company with all of the intellectual property rights of any work related product created by the employee. This document is ideal for small businesses and other entities that want to limit exposure of their proprietary information by their employees.
This document is also part of a package Business Contracts Starter Kit 22 Documents Included