Invention Assignment Agreement Colorado

The first owners of an invention on the basis of a patent application are the inventor(s). The inventors “designed” the invention. An inventor is defined as having contributed to the invention, as defined in the claims finally accepted. This definition has sometimes proved to be a bit slippery. For example, one person may have a high-level concept for the invention, and another person may solve unique problems for the high-level concept to work. They are both inventors. In another, all too common scenario, groups of people in an organization are referred to as inventors, recognition of their mere membership in the group, or reward, when they are not inventors at all (patents with more than five or six inventors are common in some companies). Some companies may also choose to appoint one of the Chief Officers as the inventor of multiple patents, although the inventive contribution is not easy to determine. With the new Colorado Supreme Court rulings, maintaining the employee`s employment is enough to support the contract, so no additional payments are needed for existing employees. In principle, the Court finds that, since the employer has the right to dismiss the worker, the maintenance of employment is considered to be an appropriate consideration for the maintenance of a non-competition clause. Therefore, an employer who wishes to implement proprietary information and invention agreements does not need to provide additional compensation to the employee (which, in our example, represents a saving of $4,000); It is sufficient to make the employee`s continued employment subject to the signing of the agreement.

With this change, even companies on a tight budget can effectively implement IP protection strategies without fear of breaking the bank by making additional payments to employees. Today, even for the smallest companies, the ability to secure your hard-earned intellectual property through employee agreements is a must. Fortunately, it has become much easier. Conversely, employees should be aware of the prior knowledge and experience they bring to a new business and protect that knowledge and experience from being accidentally considered the property of the new employer. Employers should have strong working arrangements that rigorously and fairly address all potential scenarios. As a condition of employment in _____