Common use of DUTY TO DISCLOSE Clause in Contracts

DUTY TO DISCLOSE. If requested specifically by Employer in writing, Employee will promptly disclose in writing to Employer (or persons designated by it) all discoveries, developments, designs, improvements, inventions, formulae, processes, techniques, programs, strategies, know-how, data or other information of possible technical or commercial importance, whether or not patentable or registrable under copyright or similar statutes, made, conceived, reduced to practice or learned by Employee, either alone or jointly with others, during Employee's employment by Employer (including Employee's period of employment prior to the date of this Agreement) that are related to the Business, whether or not discovered, made, conceived, reduced to practice or learned during ordinary business hours or otherwise and whether on Employer's premises or elsewhere (all such discoveries, developments, designs, improvements, inventions, formulae, processes, techniques, programs, strategies, know-how, data and other information are hereinafter referred to as "Inventions"). Employee will also promptly disclose to Employer, and Employer hereby agrees to receive all such disclosures in confidence, all other discoveries, developments, designs, improvements, inventions, formulae, processes, techniques, programs, strategies, know-how, data or other information of possible technical or commercial importance, whether or not patentable or registrable under copyright or similar statutes, made, conceived, reduced to practice or learned by Employee, either alone or jointly with others, arising during Employee's employment with Employer (whether prior to or during the Term) that are functionally related to Employer's Business for the purpose of determining whether they constitute "Inventions", as defined above.

Appears in 6 contracts

Samples: Employment Agreement (Market America Inc), Employment Agreement (Market America Inc), Employment Agreement (Ridinger James H)

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