Common use of Ownership of Work Products Clause in Contracts

Ownership of Work Products. The Executive acknowledges that all inventions, innovations, patents, patent applications, improvements, know-how, plans, development, methods, designs, specifications, software, drawings, mask works, know-how, methods, analyses, research, reports and all similar or related property or information (whether or not patentable or reduced to practice) which relate to any of the Company’s actual or proposed business activities and which are created, designed or conceived, developed or made by the Executive during the Executive’s past or future employment by the Company or any Affiliates, or any predecessor thereof (“Work Product”), belong to the Company or its Affiliates, as applicable. Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” and ownership of all right title and interest shall rest in the Company. The Executive hereby irrevocably assigns, transfers and conveys, to the full extent permitted by law, all right, title and interest in the Work Product, on a worldwide basis, to the Company to the extent ownership of any such rights does not automatically vest in the Company under applicable law. The Executive will promptly disclose any such Work Product to the Company and perform all actions requested by the Company (whether during or after employment) to establish and confirm ownership of such Work Product by the Company (including, without limitation, assignments, consents, powers of attorney and other instruments).

Appears in 5 contracts

Samples: Employment Agreement, Employment Agreement (Akoustis Technologies, Inc.), Employment Agreement (Akoustis Technologies, Inc.)

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Ownership of Work Products. The Executive acknowledges that all inventionsInventions, innovations, patents, patent applications, improvements, know-how, Proprietary Rights (as defined below), plans, development, methods, designs, specifications, software, drawings, mask works, know-how, methods, analyses, research, reports and all similar or related property or information (whether or not patentable or reduced to practice) which relate to any of the Company’s actual or proposed business activities and which are created, designed or conceived, developed or made by the Executive during the Executive’s past or future employment by with the Company or any Affiliates, or any predecessor thereof (“Work Product”), ) belong to the Company or any of its Affiliates, as applicable. Any copyrightable work falling within the definition of Work Product shall be deemed a “work made for hire” and ownership of all right right, title and interest shall rest vest in the Company. The Executive hereby irrevocably assigns, transfers and conveys, to the full fullest extent permitted by law, all right, title and interest in the Work Product, on a worldwide basis, to the Company to the extent ownership of any such rights does not automatically vest in the Company under applicable law. The Executive will shall promptly disclose any such Work Product to the Company and perform all actions requested by the Company (whether during or after the Executive’s employment) to establish and confirm ownership of such Work Product by the Company (including, without limitation, assignments, consents, powers of attorney and other instruments).

Appears in 1 contract

Samples: Employment Agreement (Akoustis Technologies, Inc.)

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