This is an optional clause for the disclosure of intellectual property. This clause is designed for inclusion in an employment contract. It requires that the employee discloses to the employer all discoveries, improvements and inventions made, or conceived by, the employee. The clause also provides that the employee indemnify the employer for any losses suffered as a result of the employee’s breach of this clause.
For an employment agreement, see the separate precedent collection, including the “Basic employment agreement (short form)” and “Basic employment agreement (long form)”. Clauses should be adapted to ensure consistence of terminology, particularly in relation to defined terms.
This document has been authored for Lexis Nexis and is authorised by Joe Catanzareti, Partner, Clayton Utz, Sydney and updated by Brooke Pendlebury, Principal, Pendlebury Workplace Law, Sydney.
This document is prepared with the assistance of Specialist Editor Justine Turnbull, Partner, Seyfarth Shaw Australia.