Common use of Developmental Rights Clause in Contracts

Developmental Rights. Executive agrees that any developments by way of invention, design, copyright, trademark or other matters which may be written, developed, or perfected by him during the term hereof, and which relate to the business of the Company or its subsidiaries or affiliates, shall be the property of the Company without any interest therein by Executive, and he will, at the request and expense of the Company, apply for and prosecute letters patent thereon in the United States or in foreign countries, and any renewals thereof, if the Company so requests, and will assign and transfer the same to the Company together with any letters patent, copyrights, trademarks or other ownership rights therein or applications therefor or renewals thereof and any revenues or rights to revenues arising therefrom; provided, however, that the foregoing shall not apply to an invention that Executive develops entirely on his own time without using the Company's equipment, supplies, facilities or trade secret information except for those inventions that either: (a) relate at the time of conception or reduction to practice of the invention to the Company's business, or actual or demonstrably anticipated research or development of the Company; or (b) result from any work performed by Executive for the Company.

Developmental Rights. Executive agrees that any developments by way of invention, design, copyright, trademark or other matters which may be written, developed, or perfected by him during the term hereof, and which relate to the business of the Company or its subsidiaries or affiliates, shall be the property of the Company without any interest therein by Executive, and he will, at the request and expense of the Company, apply for and prosecute letters patent thereon in the United States or in foreign countries, and any renewals thereof, if the Company so requests, and will assign and transfer the same to the Company together with any letters patent, copyrights, trademarks or other ownership rights therein or applications therefor or renewals thereof and any revenues or rights to revenues arising therefrom; provided, however, that the foregoing shall not apply to an invention that Executive develops entirely on his own time without using the Company's equipment, supplies, facilities or trade secret information except for those inventions that either: (a) 1. relate at the time of conception or reduction to practice of the invention to the Company's business, or actual or demonstrably anticipated research or development of the Company; or (b) 2. result from any work performed by Executive for the Company.