# Inventor Agreement
**This Inventor Agreement ("Agreement") is made and entered into as of [Date], by and between:**
**[Inventor's Full Name]**
**Address:** [Inventor's Address]
**Email:** [Inventor's Email]
**Phone Number:** [Inventor's Phone Number]
(Hereinafter referred to as "Inventor")
AND
**[Company/Entity Name]**
**Address:** [Company Address]
**Email:** [Company Email]
**Phone Number:** [Company Phone Number]
(Hereinafter referred to as "Company")
**RECITALS**
WHEREAS, the Inventor has developed certain inventions and concepts as defined herein;
WHEREAS, the Company is engaged in [Description of Company’s Business], and may be interested in the inventions developed by the Inventor;
NOW, THEREFORE, in consideration of the mutual covenants and promises herein contained, the parties agree as follows:
## 1. Definitions
1.1 **Invention**: For purposes of this Agreement, "Invention" refers to [Brief Description of the Invention] and any improvements, modifications, or enhancements thereto.
1.2 **Confidential Information**: "Confidential Information" means any data or information that is proprietary to the Inventor and not generally known to the public, whether in tangible or intangible form, disclosed to the Company by the Inventor.
## 2. Ownership Rights
2.1 **Ownership of Invention**: The Inventor shall retain all rights, title, and interest in and to the Invention. The Company acknowledges that it does not acquire any ownership rights in the Invention by virtue of this Agreement.
## 3. License
3.1 **License Grant**: The Inventor grants to the Company a non-exclusive, worldwide, royalty-free license to use, reproduce, modify, and distribute the Invention for the purpose of [specific use or purpose].
## 4. Confidentiality
4.1 **Obligation of Confidentiality**: The Company agrees to maintain the confidentiality of all Confidential Information received from the Inventor and shall not disclose such information to any third parties without the prior written consent of the Inventor.
## 5. Compensation
5.1 **Payment**: In consideration for the license granted herein, the Company agrees to pay the Inventor [Specify Compensation Terms] upon [Specify Payment Terms].
## 6. Term and Termination
6.1 **Term**: This Agreement shall commence on the effective date and shall continue until terminated by either party with [Specify Notice Period] notice to the other party.
6.2 **Termination for Cause**: Either party may terminate this Agreement immediately with written notice if either party breaches any term of this Agreement and fails to rectify such breach within [Specify Cure Period].
## 7. Miscellaneous
7.1 **Governing Law**: This Agreement shall be governed by and construed in accordance with the laws of [State/Country].
7.2 **Entire Agreement**: This Agreement constitutes the entire agreement between the parties concerning its subject matter and supersedes all prior agreements and understandings, whether written or oral.
7.3 **Amendments**: Any amendments to this Agreement must be made in writing and signed by both parties.
7.4 **Severability**: If any provision of this Agreement is found to be unenforceable or invalid, the remainder of this Agreement will remain in full force and effect.
**IN WITNESS WHEREOF, the parties hereto have executed this Inventor Agreement as of the date first written above.**
__________________________
**[Inventor's Full Name]**
**Inventor**
__________________________
**[Authorized Signatory Name]**
**[Title]**
**Company**
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**Note:** This template is a general guideline and may not cover all legal requirements. It is recommended to consult with legal counsel before executing any contractual agreement.