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Invention Assignment Agreement

Invention Assignment Agreement Template for Ireland

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Key Requirements PROMPT example:

Invention Assignment Agreement

"I need an Invention Assignment Agreement for my Dublin-based software company, to be used for our new engineering hires starting from March 2025, with specific provisions for open-source contributions and remote work arrangements."

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Document background
The Invention Assignment Agreement is a critical document in Irish business and employment relationships where intellectual property creation is involved. It serves to clearly establish ownership rights over inventions created during employment or engagement, ensuring that valuable intellectual property is properly assigned to the company or institution. This agreement is particularly relevant in today's innovation-driven economy, where protecting intellectual property is crucial for business success. Under Irish law, the agreement must comply with the Patents Act 1992 and related legislation, while balancing the rights of inventors and assignees. It typically includes provisions for both existing and future inventions, confidentiality obligations, and cooperation requirements for patent applications and protection of rights.
Suggested Sections

1. Parties: Identification of the assignor (inventor/employee) and assignee (company/employer)

2. Background: Context of the agreement, relationship between parties, and purpose of the assignment

3. Definitions: Definitions of key terms including 'Invention', 'Intellectual Property Rights', 'Confidential Information', and other relevant terms

4. Scope of Inventions: Detailed description of what constitutes an invention under the agreement, including past, present, and future inventions

5. Assignment: Core provision assigning all rights, title, and interest in the inventions to the assignee

6. Consideration: Statement of consideration provided for the assignment

7. Assistance and Cooperation: Inventor's obligations to assist with patent applications, documentation, and enforcement

8. Representations and Warranties: Inventor's warranties regarding ownership, right to assign, and non-infringement

9. Confidentiality: Obligations regarding confidential information related to the inventions

10. Further Assurances: Commitment to execute additional documents and take necessary actions to perfect the assignment

11. Term and Survival: Duration of obligations and which provisions survive termination

12. General Provisions: Standard boilerplate including governing law, jurisdiction, entire agreement, and amendments

Optional Sections

1. Prior Inventions: Section excluding specific prior inventions from the assignment, used when inventor has pre-existing IP

2. Third Party Rights: Addresses situations where third parties may have rights in the inventions

3. University/Academic Institution Rights: Used when inventor has academic affiliations that may affect invention rights

4. Competition Law Compliance: Specific provisions ensuring compliance with competition laws, used for sensitive industries

5. Revenue Sharing: Optional provisions for sharing revenue from commercialization, used in specific employment contexts

6. Moral Rights: Specific handling of moral rights, particularly relevant for software inventions

7. Shop Rights: Provisions regarding employer's shop rights, used in specific employment contexts

Suggested Schedules

1. Schedule 1 - List of Existing Inventions: Detailed list of pre-existing inventions excluded from the assignment

2. Schedule 2 - Invention Disclosure Form: Template form for documenting new inventions

3. Schedule 3 - Assignment Procedures: Detailed procedures for documenting and assigning new inventions

4. Schedule 4 - Third Party Agreements: List of relevant third-party agreements affecting invention rights

5. Appendix A - Patent Application Procedures: Procedures for patent application cooperation and documentation

6. Appendix B - Confidentiality Requirements: Detailed confidentiality obligations and procedures

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions






























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Relevant Industries

Technology

Biotechnology

Pharmaceutical

Engineering

Manufacturing

Research and Development

Software Development

Medical Devices

Telecommunications

Chemical Industry

Electronics

Artificial Intelligence

Clean Technology

Industrial Design

Defense Technology

Relevant Teams

Legal

Human Resources

Research and Development

Engineering

Product Development

Innovation

Intellectual Property

Technology

Scientific Operations

Design

Corporate Development

Relevant Roles

Research Scientist

Software Engineer

Product Developer

R&D Manager

Chief Technology Officer

Innovation Director

Patent Attorney

Legal Counsel

HR Director

Technical Lead

Engineering Manager

Laboratory Manager

Industrial Designer

Research Director

Chief Scientific Officer

Technical Consultant

Development Engineer

Principal Investigator

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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