Proprietary Invention definition
Examples of Proprietary Invention in a sentence
Upon the request of the Company, the Executive shall enter into the Company’s standard form of Proprietary Invention Assignment Agreement so long as such terms are consistent to the terms found herein.
This Agreement and the Proprietary Invention Assignment and Confidentiality Agreement between Executive and the Company dated as of June 17, 2005 (the “Confidentiality Agreement”) contain the entire understanding of the parties with respect to the employment of Executive by the Company as of the Effective Date.
As a further condition of Executive’s employment with the Company, Executive shall enter into and abide by the Company’s Confidential Information and Proprietary Invention Assignment Agreement (the “Confidential Information Agreement”).
If Executive is identified as an inventor in any application for any United States or foreign patent where the invention (i) is claimed to have been made, conceived, or reduced to practice during the first year after termination of his employment by the Company and (ii) would have been a Proprietary Invention relating to the Company’s business if it occurred before the termination of his employment, then that invention shall be rebuttably presumed to be a Proprietary Invention.
Except for (1) [that certain Proprietary Invention and Information Agreement dated_________], and (2) the continuing rights, amended by paragraph 4 hereof, and obligations under Employee's existing stock option agreements, this Agreement sets forth the entire understanding between Employee and Employer, superseding any prior agreements or understandings, express or implied, pertaining to the terms of Employee's employment with Employer.
This letter and the Proprietary Invention Assignment, Noncompetition and Confidentiality Agreement, incorporated by reference herein, set forth the terms of your employment with the Company and supersede any and all prior and contemporaneous negotiations, representations, understandings and agreements, express or implied, whether written or oral.
In addition, as a condition of your employment, we will ask you to sign a Proprietary Invention Assignment, Noncompetition and Confidentiality Agreement attached hereto (the “Proprietary Agremeent”), which requires, among other provisions, the assignment of patent rights to any invention made during your employment at the Company.
The sums shall be paid on a semi-monthly basis during such period, in accordance with Company’s normal payroll policies and procedures; provided that, the Company’s obligation to pay such accounts shall cease immediately upon Executive’s breach of the provisions of Section 5 below or of any Proprietary Invention Agreement entered into between the Company and the Executive.
Executive acknowledges that he has previously executed and delivered to the Company a Proprietary Invention and Assignment Agreement (“PIIA”) and that the terms of such agreement remain in full force and effect.
All Inventions related to any patent, copyright, trade secret, or other intellectual property rights worldwide and related to or useful in the Business worked on by Employee during Employee’s period of employment or within a period of one (1) year after the termination of employment with NeoGenomics for any reason shall be presumed to have been conceived during Employee’s employment with NeoGenomics and shall therefore be deemed a Proprietary Invention.