Another document thatโs often requested that we draft for companies is a non-disclosure agreement, assignment of inventions, agreement and a non-compete. Letโs start with a non-disclosure agreement and the assignment of inventions agreement.
So youโre going to employ somebody or multiple people and youโre going to have them do a bunch of things for you that youโre going to pay them to do. And you want to make sure that on the assignment invention side, whatever they do while theyโre working for you becomes the companyโs property, that itโs not theirs. Whether itโs a patent, trademark, copyright doesnโt matter.
Youโre paying them in exchange for their services and the company owns the product or service or whatever the intellectual property is. A non-disclosure agreement is also saying youโre going to learn a bunch of things. Youโre going to see a bunch of things while youโre here, whether itโs proprietary to the company, confidential to the company, or when youโre serving a law firm or a medical doctorโs office, other confidential information of clients, patients, etc. And you want to make sure that your employees understand that those items are confidential and that theyโre agreeing to the confidentiality in a document upfront.
A non compete agreement is sometimes also requested, depending on a particular industry, and itโs very important to pay particular attention to what are you asking your potential employee to not compete with you against or not solicit? Meaning theyโre not going to take clients or take other employees if they leave. And that should be narrowly tailored, properly drafted, consistent with appropriate state law.