Document background
The Confidential Information And Invention Assignment Agreement is a crucial document used when engaging employees, contractors, or consultants who will have access to sensitive company information or who may create intellectual property during their engagement. This agreement, tailored to comply with Austrian law and EU regulations, serves two primary purposes: protecting confidential business information and ensuring clear ownership of intellectual property created during the engagement period. It is particularly important in today's knowledge-based economy where intellectual property and trade secrets are vital business assets. The document should be presented at the beginning of any employment or consulting relationship where the individual will have access to proprietary information or will be involved in creative or innovative work. Austrian law provides specific requirements regarding employee inventions and data protection under GDPR, which are reflected in the agreement's terms.
