Common use of Disclosure of Inventions and Discoveries Clause in Contracts

Disclosure of Inventions and Discoveries. Executive agrees to disclose promptly to the Company or a Related Company all improvements, discoveries, or inventions which Executive may make solely, jointly, or commonly with others, and to assign as appropriate such improvements, discoveries, inventions or intellectual property to the Company or a Related Company, where the rights are the property of the Company or a Related Company. Executive agrees to execute and sign any and all applications, assignments, or other instruments which the Company or a Related Company may deem necessary in order to enable the Company or a Related Company, at its expense, to apply for, prosecute, and obtain patents of the United States or foreign countries for the improvements, discoveries, inventions or intellectual property, or in order to assign or convey to or vest in the Company or a Related Company the sole and exclusive right, title, and interest in and to said improvements, discoveries, inventions, or patents. Executive hereby irrevocably designates and appoints the Company or a Related Company designated by the Company as Executive’s agent and attorney-in-fact, coupled with an interest and with full power of substitution, to act for and in Executive’s behalf to execute and file any document and to do all other lawfully permitted acts to further the purposes of this paragraph with the same legal force and effect as if executed by Executive. This paragraph is applicable whether or not the invention, discovery, improvement or intellectual property was made under the circumstances described in paragraph (a) of this Section. Executive agrees to make such disclosures understanding that they will be received in confidence and that, among other things, they are for the purpose of determining whether or not rights to the related invention, discovery, improvement, or intellectual property is the property of the Company or a Related Company.

Appears in 2 contracts

Samples: Employment Agreement (OncoCyte Corp), Employment Agreement (OncoCyte Corp)

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Disclosure of Inventions and Discoveries. Executive agrees to disclose promptly to the Company or a Related Company subsidiary all improvements, discoveries, or inventions which Executive may make solely, jointly, or commonly with others, and to assign as appropriate such improvements, discoveries, inventions or intellectual property to the Company or a Related CompanyCompany subsidiary, where the rights are the property of the Company or a Related CompanyCompany subsidiary. Executive agrees to execute and sign any and all applications, assignments, or other instruments which the Company or a Related Company subsidiary may deem necessary in order to enable the Company or a Related CompanyCompany subsidiary, at its expense, to apply for, prosecute, and obtain patents of the United States or foreign countries for the improvements, discoveries, inventions or intellectual property, or in order to assign or convey to or vest in the Company or a Related Company subsidiary the sole and exclusive right, title, and interest in and to said improvements, discoveries, inventions, or patents. Executive hereby irrevocably designates and appoints the Company or a Related Company subsidiary designated by the Company as Executive’s 's agent and attorney-in-fact, coupled with an interest and with full power of substitution, to act for and in Executive’s 's behalf to execute and file any document and to do all other lawfully permitted acts to further the purposes of this paragraph with the same legal force and effect as if executed by Executive. This paragraph is applicable whether or not the invention, discovery, improvement or intellectual property was made under the circumstances described in paragraph (a) of this Section. Executive agrees to make such disclosures understanding that they will be received in confidence and that, among other things, they are for the purpose of determining whether or not rights to the related invention, discovery, improvement, or intellectual property is the property of the Company or a Related CompanyCompany subsidiary.

Appears in 1 contract

Samples: Employment Agreement (Biotime Inc)

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Disclosure of Inventions and Discoveries. Executive agrees to disclose promptly to the Company BioTime or a Related Company all improvements, discoveries, or inventions which Executive may make solely, jointly, or commonly with others, and to assign as appropriate such improvements, discoveries, inventions or intellectual property to the Company BioTime or a Related Company, where the rights are the property of the Company BioTime or a Related Company. Executive agrees to execute and sign any and all applications, assignments, or other instruments which the Company BioTime or a Related Company may deem necessary in order to enable the Company BioTime or a Related Company, at its expense, to apply for, prosecute, and obtain patents of the United States or foreign countries for the improvements, discoveries, inventions or intellectual property, or in order to assign or convey to or vest in the Company BioTime or a Related Company the sole and exclusive right, title, and interest in and to said improvements, discoveries, inventions, or patents. Executive hereby irrevocably designates and appoints the Company BioTime or a Related Company designated by the Company BioTime as Executive’s 's agent and attorney-in-fact, coupled with an interest and with full power of substitution, to act for and in Executive’s 's behalf to execute and file any document and to do all other lawfully permitted acts to further the purposes of this paragraph with the same legal force and effect as if executed by Executive. This paragraph is applicable whether or not the invention, discovery, improvement or intellectual property was made under the circumstances described in paragraph (a) of this Section. Executive agrees to make such disclosures understanding that they will be received in confidence and that, among other things, they are for the purpose of determining whether or not rights to the related invention, discovery, improvement, or intellectual property is the property of the Company BioTime or a Related Company.

Appears in 1 contract

Samples: Employment Agreement (Biotime Inc)

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