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Confidentiality Noncompetition And Invention Assignment Agreement
"I need a Confidentiality Noncompetition And Invention Assignment Agreement for hiring senior software engineers in our London office, with specific focus on protecting our AI technology and ensuring all code developed belongs to our company."
1. Parties: Identification and details of the contracting parties (employer and employee/contractor)
2. Background: Context of the agreement, relationship between parties, and purpose of the agreement
3. Definitions: Key terms used throughout the agreement including Confidential Information, Intellectual Property, Inventions, and Competing Business
4. Confidentiality Obligations: Detailed provisions regarding protection, non-disclosure, and handling of confidential information
5. Non-Competition Covenant: Terms of non-competition including duration, geographic scope, and prohibited activities
6. Non-Solicitation: Restrictions on soliciting employees, customers, or suppliers
7. Invention and IP Assignment: Assignment of rights to inventions, developments, and intellectual property created during employment
8. Return of Company Property: Obligations regarding return of company materials and confidential information
9. Term and Termination: Duration of agreement and circumstances for termination
10. General Provisions: Standard clauses including governing law, severability, and entire agreement
1. Garden Leave: Provisions for paid leave during notice period, typically used for senior employees
2. International Operations: Additional provisions for companies operating across multiple jurisdictions
3. Specific Industry Provisions: Industry-specific confidentiality or competition requirements
4. Consideration: Specific section detailing additional consideration for post-employment restrictions
5. Monitoring and Compliance: Provisions for monitoring compliance with agreement terms
1. Schedule 1 - Confidential Information: Detailed categorization and examples of confidential information
2. Schedule 2 - Restricted Territory: Geographic scope of non-compete restrictions with specific regions/countries
3. Schedule 3 - Pre-Existing IP: List of intellectual property excluded from assignment
4. Schedule 4 - Restricted Activities: Detailed description of prohibited competitive activities and business areas
5. Schedule 5 - Approved Activities: List of permitted activities that would otherwise fall within restrictions
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