Common use of Invention Assignment Clause in Contracts

Invention Assignment. (a) All rights, titles and interests in or to the Developments shall vest and are owned exclusively by the Corporation immediately on its creation and regardless of the stage of its completion. The Executive irrevocably grants, transfers and assigns to the Corporation all of his right, title and interest, if any, in any and all Developments, including rights to translation and reproductions in all forms or formats and all Intellectual Property Rights thereto, if any, and he agrees that the Corporation may copyright said materials in the Corporation’s name and secure renewal, reissues and extensions of such copyrights for such periods of time as the law may permit. The Executive hereby waives, as against the Corporation, its successors and assigns and licensees, all his moral rights which he may have or will acquire in respect of the copyright in any Developments. The Executive agrees to enforce his moral rights as against others as directed by and at the cost of the Corporation or its successor-in-title of the copyright in the Developments.