Common use of Adequate Consideration Clause in Contracts

Adequate Consideration. I acknowledge that the Company Inventions and the associated Intellectual Property Rights may have substantial economic value, that any and all proceeds resulting from use and exploitation thereof shall belong solely to the Company, and that the salary and other compensation I receive from the Company for my employment with the Company includes fair and adequate consideration for all assignments, licenses and waivers hereunder.

Appears in 9 contracts

Samples: Executive Employment Agreement, Executive Employment Agreement (Threshold Pharmaceuticals Inc), Executive Employment Agreement (Threshold Pharmaceuticals Inc)

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Adequate Consideration. I acknowledge that the Company Inventions Creations and the associated Intellectual Property Rights may have substantial economic value, that any and all proceeds resulting from use and exploitation thereof shall belong solely to the Company, and that the salary and other compensation I receive from the Company for my employment with the Company and other consideration set forth in this Agreement includes fair and adequate consideration for all assignments, licenses and waivers hereunder.

Appears in 5 contracts

Samples: Executive Employment Agreement (Calyxt, Inc.), Executive Employment Agreement (Cibus Global, Ltd.), Executive Employment Agreement (Cibus Global, Ltd.)

Adequate Consideration. I acknowledge (i) that the Company Inventions Work for Hire Invention and the associated Intellectual Property Rights may have substantial economic value, that (ii) that, to the extent allowed by applicable law, any and all proceeds resulting from use and exploitation thereof shall belong solely to the Company, and (iii) that the salary and other compensation I receive from the Company for my employment appointment with the Company and other compensation that I receive from the Company for any Work for Hire Invention under this Agreement includes fair and adequate consideration for all assignments, licenses and waivers hereunder.

Appears in 2 contracts

Samples: Executive Appointment Agreement (Coupang, Inc.), Executive Appointment Agreement (Coupang, Inc.)

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Adequate Consideration. I acknowledge that the Company Inventions and the associated Intellectual Property Rights may have substantial economic value, that any and all proceeds resulting from use and exploitation thereof shall will belong solely to the Company, and that the salary and other compensation I receive from the Company for my employment with the Company includes fair and adequate consideration for all assignments, licenses and waivers hereunder.

Appears in 1 contract

Samples: Separation Agreement (Adverum Biotechnologies, Inc.)

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