Document background
The Assignment Of Invention Agreement is a crucial document used in German business and research environments to formally transfer ownership rights of inventions. It is particularly important in corporate and research settings where new technologies and innovations are developed regularly. The agreement must comply with the strict requirements of German law, especially the Arbeitnehmererfindungsgesetz (Employee Inventions Act), which provides specific provisions for employee inventions. This document is typically used when an inventor or group of inventors needs to transfer their rights to their employer, a research institution, or another entity. It includes comprehensive details about the invention, terms of the transfer, compensation arrangements, and ongoing obligations of all parties involved. The agreement is essential for establishing clear ownership rights and protecting intellectual property in the German jurisdiction.
