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Startup invention protection among my own employees

 
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abc1111

posts: 88

Nov 09, 2007 11:44 PM ET    Quote  Report Abuse
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I am developing a product for my start-up with a couple of people who have only signed an NDA.
The NDA is only preventing them to go outside talk about my start-up confidential information or start their own business with my idea.
HOWEVER, it does not prevent them to claim rights for what they are building/inventing right now in several years if the company does well. Of course, I will provide them some compensation, but it will be a fixed amount for this project. I am not planning to provide them "royalties" on my product.
 
What should I have them sign to make sure their rights on the product are waived? What is the name of this document? Where can I obtain it?
txbassguy

posts: 48

Nov 13, 2007 2:37 PM ET    Quote  Report Abuse
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are they employees, contractors, or principal owners in the business. what rights could they possibly have for the product. i think it would be the property of the company or corporation. but as always check with a business or patent lawyer.



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No Eternal Reward Will Forgive Us Now for Wasting the Dawn.
abc1111

posts: 88

Nov 15, 2007 6:23 PM ET    Quote  Report Abuse
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They are friends working on it. Do I need to have them sign a document? Inventor agreement something....I cannot remember it. Can you please clarify?
patentandtrademark

posts: 1329

Nov 17, 2007 5:27 PM ET    Quote  Report Abuse
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ask lawyer about assignment.  internet forms dangerous.


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James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com
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