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Barbara Weltman

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Do all employee inventions belong to the employer?

November 12, 2023 / By Barbara Weltman

Employers may require employees to assign the rights to all of their inventions to the company that are developed while employed. Under a new law, New York has banned this type of assignment if employees develop inventions entirely on their own time and with their own equipment. However, assignment is still valid if it can be shown that it relates to the employer’s business. #IdeaoftheDay

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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