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Quantitative Finance · Glossary

What is Confidentiality agreement, invention assignment clause?

Also known as: confidentiality agreement · invention assignment clause

Definition 11.2 The Desk and the Firm · Chapter 11 — Intellectual Property and Non-Competes

A confidentiality agreement binds an employee or counterparty not to disclose or use the firm’s confidential information, during and after the relationship. An invention assignment clause in an employment contract assigns to the employer the rights in work the employee creates in the course of the employment: code, models, research and documents.

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