Intellectual property is referred to the softcopy of data, new inventions, formulas, confidential information, data, and business policies of the company or organization. Leaking these information or using them for self interest is considered as unethical. Abiding these terms and conditions for employees are considered as a heinous crime and can go up to termination of employees.
All intellectual property developed by employees during their employment with Organization, including discoveries or inventions made in the performance of their duties related in any way to the business of Organization, will remain the property of Organization.
Employees may be given access to confidential information, data, business property, keys to premises or any other business related property/information in the performance of their duties. This must be protected and used only in the interests of Organization.
Employees must not disclose or use any part of any confidential information outside of the performance of their duties and in the interests of Organization.
Confidential information’ includes any information in any form relating to Organization and related bodies, clients or businesses, which is not in the public domain.
Employees must act in good faith towards Organization and must prevent (or if impractical, report) the unauthorized disclosure of any confidential information.
Failure to comply with this policy may result in performance improvement proceedings including dismissal, and Organization may also pursue monetary damages or other remedies.