Proprietary Information and Inventions Agreement (Startups) | Practical Law
A proprietary information and inventions agreement (sometimes known as a PIIA) between a startup company employer and an employee concerning confidentiality and appropriate handling of the employer's commercially valuable information, compliance with relevant security rules and policies, and protection of the employer's intellectual property assets. This Standard Document is drafted in favor of the employer. It is based on federal law. For information on state law requirements and state-specific resources, see State Restrictive Covenants Toolkit. This Standard Document has integrated notes with important explanations and drafting tips.