Common use of Patents and Inventions Clause in Contracts

Patents and Inventions. Executive agrees that any inventions made, conceived or completed by him during the term of his service, solely or jointly with others, which are made with the Company’s equipment, supplies, facilities or Confidential Information, or which relate at the time of conception or reduction to purpose of the Invention to the business of the Company or the Company’s actual or demonstrably anticipated research and development, or which result from any work performed by Executive for the Company, shall be the sole and exclusive property of the Company. Executive promises to assign such inventions to the Company. Executive also agrees that the Company shall have the right to keep such inventions as Trade Secrets, if the Company chooses. Executive agrees to assign to the Company Executive’s rights in any other inventions where the Company is required to grant those rights to the United States government or any agency thereof. In order to permit the Company to claim rights to which it may be entitled, Executive agrees to disclose to the Company in confidence all inventions which Executive makes arising out of Executive’s service and all patent applications filed by Executive within one year after the termination of his service. Executive shall assist the Company in obtaining patents on all inventions, designs, improvements and discoveries patentable by the Company in the United States and in all foreign countries and shall execute all documents and do all things necessary to obtain letters patent, to vest the Company with full and extensive title thereto during and after the term of this Agreement.

Appears in 6 contracts

Samples: Employment Agreement (Cryoport, Inc.), Employment Agreement (Cryoport, Inc.), Employment Agreement (Cryoport, Inc.)

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Patents and Inventions. Executive agrees that any inventions made, conceived or completed by him during the term of his service, solely or jointly with others, which are made with the Company’s equipment, supplies, facilities or Confidential Information, or which relate at the time of conception or reduction to purpose of the Invention to the business of the Company or the Company’s actual or demonstrably anticipated research and development, or which result from any work performed by Executive for the Company, shall be the sole and exclusive property of the Company. Executive promises to assign such inventions to the Company. Executive also agrees that the Company shall have the right to keep such inventions as Trade Secrets, if the Company chooses. Executive agrees to assign to the Company Executive’s rights in any other inventions where the Company is required to grant those rights to the United States government or any agency thereof. In order to permit the Company to claim rights to which it may be entitled, Executive agrees to disclose to the Company in confidence all inventions which Executive makes arising out of Executive’s service and all patent applications filed by Executive within one year after the termination of his service. Executive shall assist the Company in obtaining patents on all inventions, designs, improvements and discoveries patentable by the Company in the United States and in all foreign countries countries, and shall execute all documents and do all things necessary to obtain letters patent, to vest the Company with full and extensive title thereto during and after the term of this Agreement.

Appears in 3 contracts

Samples: Employment Agreement (Cryoport, Inc.), Employment Agreement (Cryoport, Inc.), Employment Agreement (Cryoport, Inc.)

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Patents and Inventions. Executive agrees that any inventions Inventions made, conceived or completed by him during the term of his service, solely or jointly with others, which are made with the Company’s 's equipment, supplies, facilities or Confidential Information, or which relate at the time of conception or reduction to purpose of the Invention to the business of the Company or the Company’s 's actual or demonstrably anticipated research and development, or which result from any work performed by Executive for the Company, shall be the sole and exclusive property of the Company. Executive promises to assign such inventions to the Company. Executive also agrees that the Company shall have the right to keep such inventions Inventions as Trade Secrets, if the Company chooses. Executive agrees to assign to the Company Executive’s 's rights in any other inventions Inventions where the Company is required to grant those rights to the United States government or any agency thereof. In order to permit the Company to claim rights to which it may be entitled, Executive agrees to disclose to the Company in confidence all inventions Inventions which the Executive makes arising out of the Executive’s service and all patent applications filed by Executive within one year after 's employment with the termination of his serviceCompany. Executive shall assist the Company in obtaining patents on all inventionsInventions, designs, improvements and discoveries patentable by the Company in the United States and in all foreign countries countries, and shall execute all documents and do all things necessary to obtain letters patent, to vest the Company with full and extensive title thereto during thereto, and after to protect the term of this Agreementsame against infringement by others.

Appears in 1 contract

Samples: Employment Agreement (CUI Global, Inc.)

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