“Invention Assignment” provisions in contracts, such as Contribution and Assignment Agreements and Proprietary Information and Invention Assignment Agreements (“PIA”), are an essential startup tool that protects your company’s intellectual property and helps create more value for your company over time. For example, a PIA includes an Invention Assignment provision that ensures that any inventions, creations, discoveries, work product, modifications, improvements, etc., which are created by the founder, employee, consultant or advisor who is party to the PIA, are properly assigned to and owned by your company.

For more information regarding Invention Assignments, please see the related resources from the Legal INCubator: