Intellectual Property Assignment Agreement

This Intellectual Property Assignment Agreement (“Agreement”) is being made between ____________________________ (“Employee”) located a t

_____________________________ and _________________________(“Employer”) located at ____________________________ on ________________.

_______________ (Employee) and _________________ (Employer) may also be referred to as “Party” or together as the “Parties”. This Agreement will become effective on _________________ (“Effective Date”).

The Parties agree to the following:

1.Intellectual Property

The Employee agrees to assign to the Employer all present and future right, title, and interest to all intellectual property (“Intellectual Property”)created or discovered during the course of their employment. Intellectual Property includes, but is not limited to, algorithms, code, concepts, developments, designs, discoveries, ideas, formulas, improvements, inventions, processes, software, trademarks, and trade secrets. Intellectual Property also includes the tangible embodiments (e.g. – drawings, notes) of any intangible items.

2.Prior Inventions

Intellectual Property that existed prior to the Employee’s employment, for which the Employee has a right, title, or interest (collectively the “Prior Inventions”) will remain the exclusive property of the Employee. The Employee agrees that all Prior Inventions are included in this Section 2. If no Prior Inventions are listed in this Section 2, the Employee represents that no Prior Inventions exist.

a.Prior Inventions