How is Prior Inventions defined in a legal contract?
- Prior Inventions means all inventions, original works, developments, concepts, sales methods, improvements or trade secrets that belong to you, were created before your employment and relate in any way to any of [organization]'s current or future business activities, work products, or research and development.
Seen in 32 SEC Filings - Prior Inventions means any original works, development or improvements made prior to [entity]'s connection to [organization].
Seen in 28 SEC Filings - Prior Inventions means any innovations constructed, conceptualized, devised, or created ahead of the date of agreement that does not fall within Inventions as per [clause].
Seen in 16 SEC Filings - Prior Inventions means all inventions and works of authorship that were made prior to employment and that in any way relate to [organization]'s proposed business, products, or research and development, and that are not assigned to any [organization]'s entity.
Seen in 7 SEC Filings - Prior Inventions means all creations made prior to employment, belonging to the individual which relate to the [organization]'s present or proposed business, products, services, or research and development and are not currently assigned by individual per the agreement terms.
Seen in 5 SEC Filings
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of prior inventions’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Prior Inventions means original works or concepts created before connecting with [organization], relating to its business or research activities.
Relevant Contract Types
- Employment Contracts
- Consulting Agreements
- Partnership Agreements
- Non-Disclosure Agreements
- Non-Compete Agreements
Relevant Circumstances
- Hiring of Employees expected to create or develop original works.
- Formation of partnerships where invention rights could be contentious.
- Consulting arrangements where the consultant brings existing intellectual property.
Relevant Sectors
Genie Definition 2
- Prior Inventions means all concepts, developments and works innovated by individual ahead of an agreement with [organization].
Relevant Contract Types
Relevant Circumstances
- The sale or license of an innovative product.
- Franchising arrangements where the franchisee possesses pre-existing intellectual property.
- Service providing arrangements where the service provider brings innovation.
Relevant Sectors
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Prior Inventions means original works or concepts created before connecting with [organization], relating to its business or research activities
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