Company Inventions definition
Examples of Company Inventions in a sentence
Executive agrees to perform, during and after employment, all acts deemed necessary or desirable by the Company to permit and assist it, at its expense, in obtaining and enforcing the full benefits, enjoyment, rights, and title throughout the world in the Intellectual Property and Company Inventions hereby assigned to the Company.
Executive recognizes that Company Inventions or Confidential Information relating to Executive’s activities while working for the Company and conceived or made by Executive, alone or with others, within one year after termination of employment may have been conceived in significant part while employed by the Company Group.
Executive acknowledges and agrees that, to the maximum extent permitted by law, all Company Inventions (and all related intellectual property rights) that are protectable by copyright shall be considered “works made for hire” owned exclusively by the Company under the U.S. Copyright Act and similar laws in other jurisdictions.
To the extent any Company Invention or any portion thereof is not a “work made for hire” or otherwise does not vest in the Company by operation of law, Executive hereby irrevocably assigns, transfers, and conveys to the Company all right, title, and interest worldwide in and to such Company Inventions and all related patents, copyrights, trademarks, trade secrets, mask works, and other intellectual property and proprietary rights, including all rights to apply for, prosecute, and enforce such rights.
Executive shall make full written disclosure to the Company of all Company Inventions promptly following their conception or reduction to practice.