Common use of SHOP RIGHTS Clause in Contracts

SHOP RIGHTS. The Company shall also have the royalty-free right to use in its business, and to make, use, and sell products, processes, and/or services derived from any inventions, discoveries, concepts, and ideas, whether or not patentable, including, but not limited to, processes, methods, formulas, and techniques, as well as improvements thereof or know-how related thereto, concerning any past, present, or prospective activities of the Company, which are not within the scope of Inventions as defined in Section 11 hereof, but which are conceived or made by the Executive during the period that the Executive is engaged by the Company with the use or assistance of the Company's facilities, materials, or personnel.

Appears in 5 contracts

Samples: Employment Agreement (Worldport Communications Inc), Employment Agreement (Worldport Communications Inc), Employment Agreement (Worldport Communications Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.