CIIAAs Sample Clauses
A CIIAA, or California Inventions Assignment and Confidentiality Agreement, is a contractual clause that governs the ownership of inventions and the protection of confidential information created by an employee during their employment. Typically, this clause requires employees to disclose any inventions or intellectual property developed while working for the company and to assign ownership rights of those inventions to the employer, especially if they are related to the company's business or created using company resources. The clause also obligates employees to maintain the confidentiality of proprietary information. Its core function is to ensure that employers retain rights to valuable intellectual property developed by employees and to protect sensitive business information from unauthorized disclosure or use.
CIIAAs. Prior to the Closing, and in exchange for valid consideration, Seller shall use reasonable efforts to cause each Transferred Business Employee that has not executed a confidential information and invention assignment agreement with a Transferred Entity to execute a confidential information and invention assignment agreement in a form mutually agreeable to the parties (a “CIIAA”), which, in each case, shall become effective as of the Closing.