Re:Founder of Facebook's Oculus hit with lawsuit
by bhouston on Sunday May 24, 2015 @08:42PM
(#9598143)
A company can own someones inventions that were developed during the course of a contract or employment is the agreement is done in such a way to assign them. It isn't automatic, but it is a real thing and can lead to legal trouble:
EDIT: Accord to the actual complaint Luckey signed a confidentiality + exclusivity agreement regarding the TRT stuff that has a term of five years: "On August 1, 2011, Luckey executed a written 'Nondisclosure, exclusivity and payments agreement' contract with Seidl on behalf of the Partnership. Two witnesses also executed the agreement on behalf of Luckey at Luckey’s direction: Tom Allan and Jeff Bacon."
http://www.marsdd.com/mars-library/intellectual-property-pro...
EDIT: Accord to the actual complaint Luckey signed a confidentiality + exclusivity agreement regarding the TRT stuff that has a term of five years: "On August 1, 2011, Luckey executed a written 'Nondisclosure, exclusivity and payments agreement' contract with Seidl on behalf of the Partnership. Two witnesses also executed the agreement on behalf of Luckey at Luckey’s direction: Tom Allan and Jeff Bacon."