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The Confidentiality Noncompetition And Invention Assignment Agreement is essential for businesses operating in England and Wales that need to protect their intellectual property, trade secrets, and competitive position. This agreement is typically executed when hiring employees who will have access to sensitive information or will be involved in creative or innovative work. It establishes clear obligations regarding confidentiality, restricts post-employment competition within reasonable bounds, and ensures that intellectual property created during employment is properly assigned to the employer.

1. Parties: Identification and details of the contracting parties (employer and employee/contractor)

2. Background: Context of the agreement, relationship between parties, and purpose of the agreement

3. Definitions: Key terms used throughout the agreement including Confidential Information, Intellectual Property, Inventions, and Competing Business

4. Confidentiality Obligations: Detailed provisions regarding protection, non-disclosure, and handling of confidential information

5. Non-Competition Covenant: Terms of non-competition including duration, geographic scope, and prohibited activities

6. Non-Solicitation: Restrictions on soliciting employees, customers, or suppliers

7. Invention and IP Assignment: Assignment of rights to inventions, developments, and intellectual property created during employment

8. Return of Company Property: Obligations regarding return of company materials and confidential information

9. Term and Termination: Duration of agreement and circumstances for termination

10. General Provisions: Standard clauses including governing law, severability, and entire agreement