Invention Disclosure Agreement

It is agreed and understood that with respect to your Submission, there is no confidential relationship or obligation between you and Invention City or you and any of Invention City`s partners, except and until a formal written agreement has been entered into, and then only as stated in this Agreement. A patent or invention agreement is a unilateral confidentiality agreement (NDA) used to protect an invention. Due to the confidentiality of an un executed idea of a product, an NDA may be indispensable for the invention owner if he decides to reveal the ideas, business strategies, prototypes, etc. to potential investors, developers and others. Owners of patented inventions may also be victims of damage caused by misappropriated data and it is recommended to use an NDA before and after the patenting process. The disclosed party must first have the documentation signed by the receiving party, clearly indicating the confidentiality of the available information. A confidentiality agreement allows inventors to discuss their invention with selected parties (such as investors, prototype manufacturers, invention marketing consultants, and potential licensees) while addressing both of these issues: in the situation where, for example, you use the services of a patent attorney or patent attorney, it is not necessary to first obtain a confidentiality agreement before obtaining information about: Reveal your invention. The rules and rules applicable to patent attorneys and patent attorneys require that all confidential information remain in the utmost confidence, and indeed, the rules of the U.S. Patent Office impose much stricter confidentiality requirements than any confidentiality agreement. The same applies if you have finally mandated the patent attorney or patent attorney to represent you. Confidentiality and ethical rules require that patent attorneys and patent attorneys keep all communications confidential, even if they do not represent you. The key is that you have used the help of a lawyer or professional agent and from that moment on, all communications are privileged and must remain confidential. For more information on this subject, see: 37 C.F.R.

11.106. Disclosure of an invention prior to receipt of a patent application filing date may result in the loss of patent rights. While it`s normal to let people know, for example, that you`ve invented “a new type of screwdriver,” it`s not normal for people to know how you designed and developed it. While there are some exceptions to this rule [notably the United States and Canada allow a 12-month “patent retention period” between public disclosure and patentability]. .