Common use of Corporation's Right to Inventions and Discoveries Clause in Contracts

Corporation's Right to Inventions and Discoveries. a) All Intellectual Property developed during the term of this Agreement shall be the sole and exclusive property of the Corporation without further compensation. Any Intellectual Property based upon the Corporation's Confidential Information and developed at any time either during or after the termination of this agreement shall be the property of the Corporation. The Employee's development of Intellectual Property occurring within one year after the termination of this Agreement and related to the Corporation's business, products or research shall be presumed to be the property of the Corporation. The Employee agrees to promptly notify and fully disclose to the Corporation all such Intellectual Property. The Employee shall take such steps as are deemed reasonably necessary to maintain complete and current records thereof.

Corporation's Right to Inventions and Discoveries. (a) All Intellectual Property developed during the term of this Agreement shall be the sole and exclusive property of the Corporation without further compensation. Any Intellectual Property based upon the Corporation's Confidential Information and developed at any time either during or after the termination term of this agreement the Executive's retainer shall be the property of the Corporation. The EmployeeExecutive's development of Intellectual Property occurring within one (1) year after the termination of this Agreement and related to the Corporation's business, products or research shall be presumed to be the property of the Corporation. The Employee Executive agrees to promptly notify and fully disclose to the Corporation all such Intellectual Property. The Employee Executive shall take such steps as are deemed reasonably necessary to maintain complete and current records thereof.