Common use of Ownership and Assignment of Inventions Clause in Contracts

Ownership and Assignment of Inventions. 7.1 As part of his/her employment with the Company, the Employee is expected to make new contributions of value. Accordingly, during his/her employment with the Company, the Employee shall promptly disclose to the Company any and all inventions, ideas, discoveries, trade secrets, works of authorship, computer software programs, know-how, processes, or improvements (collectively as “Inventions,” which terms shall include the singular) whether or not patentable or copyrightable, that the Employee may make, devise, conceive, create, design, invent or develop, either solely or jointly, whether or not at the Company’s suggestion, during or outside of normal working hours, that relate to, or are capable of use in connection with, the Company’s, or any member of the Virbac Group’s, business including any services or products offered by any member of the Virbac Group. All such Inventions shall immediately become the exclusive property of the Company and shall be deemed as “works for hire.” If any of the foregoing are determined not to be “works for hire”, then the Employee hereby agrees to assign any and all rights, including rights to obtain patents or copyright registrations, to such Inventions directly to the Company. At any time upon the Company’s request, the Employee shall, without additional compensation, assist the Company in any way necessary, including executing documents, to accomplish the following: (a) perfect the Company’s right, title and interest in the Invention, (b) file or obtain patent or copyright registration on the Invention, and (c) protect and enforce the Company’s rights in the Invention.

Appears in 1 contract

Sources: Employment Agreement (Virbac Corp)

Ownership and Assignment of Inventions. 7.1 As part of his/her employment with the Company, the Employee is expected to make new contributions of value. Accordingly, during his/her employment with the Company, the Employee shall promptly disclose to the Company any and all inventions, ideas, discoveries, trade secrets, works of authorship, computer software programs, know-how, processes, or improvements (collectively as “Inventions,” which terms shall include the singular) whether or not patentable or copyrightable, that the Employee may make, devise, conceive, create, design, invent or develop, either solely or jointly, whether or not at the Companycompany’s suggestion, during or outside of normal working hours, that relate to, or are capable of use in connection with, the Company’s, or any member of the Virbac Group’s, business including any services or products offered by any member of the Virbac Group. All such Inventions shall immediately become the exclusive property of the Company and shall be deemed as “works for hire.” If any of the foregoing are determined not to be “works for hire”, then the Employee hereby agrees to assign any and all rights, including rights to obtain patents or copyright registrations, to such Inventions directly to the Company. At any time upon the Company’s request, the Employee shall, without additional compensation, assist the Company in any way necessary, including executing documents, to accomplish the following: (a) perfect the Company’s right, title and interest in the Invention, (b) file or obtain patent or copyright registration on the Invention, and (c) protect and enforce the Company’s rights in the Invention.

Appears in 1 contract

Sources: Employment Agreement (Virbac Corp)