Common use of Intellectual Property and Work Product Clause in Contracts

Intellectual Property and Work Product. A. If Executive creates, invents, designs, develops, contributes to or improves any Works, either alone or with third parties, at any time during Executive’s employment by the Company and within the scope of such employment and/or with the use of any the Company resources (“Company Works”), Executive shall promptly and fully disclose same to the Company and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all rights and intellectual property rights therein (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) to the Company to the extent ownership of any such rights does not vest originally in the Company.

Appears in 4 contracts

Samples: Executive Employment Agreement (Powell Industries Inc), Executive Employment Agreement (Powell Industries Inc), Executive Employment Agreement (Powell Industries Inc)

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Intellectual Property and Work Product. A. If Executive creates, invents, designs, develops, contributes to or improves any Works, either alone or with third parties, at any time during Executive’s 's employment by the Company and within the scope of such employment and/or with the use of any the Company resources ("Company Works"), Executive shall promptly and fully disclose same to the Company and hereby irrevocably assigns, transfers and conveys, to the maximum extent permitted by applicable law, all rights and intellectual property rights therein (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) to the Company to the extent ownership of any such rights does not vest originally in the Company.

Appears in 2 contracts

Samples: Employment Agreement (Powell Industries Inc), Confidentiality, Non Competition and Non Solicitation Agreement (Powell Industries Inc)

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