Inventions Work Product Sample Clauses
The INVENTIONS/WORK PRODUCT clause defines the ownership and rights related to inventions, creations, or intellectual property developed during the course of a contract or employment. Typically, it specifies whether such work product belongs to the employer, client, or creator, and may require the assignment of rights or disclosure of inventions made while performing contractual duties. This clause ensures that all intellectual property generated in connection with the agreement is properly allocated, preventing future disputes over ownership and use.
Inventions Work Product. The Executive agrees that all inventions, innovations, improvements, developments, methods, designs, analyses, drawings, reports, and all similar or related information and other intellectual property rights which relate to any member of the Company’s actual or anticipated business, research and development or existing or future products or services and which are conceived, developed or made by the Executive while employed by the Company (collectively, “Work Product”), belong and are the property of the Company. The Executive will promptly disclose such Work Product to the Board and perform all actions reasonably requested by the Board (whether during or after the Employment Period) to establish and confirm such ownership (including, without limitation, assignments, consents, powers of attorney and other instruments).
Inventions Work Product. The Parties acknowledge that for the purpose of establishing rights to any and all inventions, including but not limited to, improvements, designs, original, works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works and trade secrets (“Inventions”) made or conceived by such Service Employee, (a) during the Transitional Service Period, all Service Employees will be deemed employees of SRC, and (b) after the Conversion Date, all Service Employees will be deemed employees of SHO. SHO and Service Provider further acknowledge and agree that all rights to any patent, patent application, copyright, mask works, trade secrets, or intellectual property or any interest in any Invention shall be unaffected by this Agreement. Nothing about this Agreement shall create in Service Provider any such rights or interests in any Invention now or in the future.
Inventions Work Product