Common use of Assignment and Disclosure of Inventions Clause in Contracts

Assignment and Disclosure of Inventions. (a) From and after the date the Employee first became employed with the Company, the Employee hereby agrees to promptly disclose in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works, and trade secrets (“inventions”), whether or not patentable, copyrightable or protectible as trade secrets, that are made or conceived or first reduced to practice or created by the Employee, either alone or jointly with others, during the period of the Employee’s employment, whether or not in the course of the Employee’s employment. (b) The Employee hereby acknowledges that copyrightable works prepared by the Employee within the scope of the Employee’s employment are “works for hire” under the Copyright Act and that the Company will be considered the author thereof. The Employee hereby agrees that all Inventions that (i) are developed using equipment, supplies, facilities or trade secrets of the Company, (ii) result from work performed by the Employee for the Company, (iii) relate to the Company’s business or current or anticipated research and development, will be the sole and exclusive property of the Company and are hereby assigned by the Employee to the Company.

Appears in 4 contracts

Samples: Employment Agreement (Blackboard Inc), Employment Agreement (Blackboard Inc), Employment Agreement (Blackboard Inc)

AutoNDA by SimpleDocs

Assignment and Disclosure of Inventions. (a) From and after the date the Employee first became employed with the Company, the Employee hereby agrees to promptly disclose in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works, and trade secrets (“inventions”"Inventions"), whether or not patentable, copyrightable or protectible as trade secrets, that are made or conceived or first reduced to practice or created by the Employee, either alone or jointly with others, during the period of the Employee’s 's employment, whether or not in the course of the Employee’s 's employment. (b) The Employee hereby acknowledges that copyrightable works prepared by the Employee within the scope of the Employee’s 's employment are "works for hire" under the Copyright Act and that the Company will be considered the author thereof. The Employee hereby agrees that all Inventions that (ia) are developed using equipment, supplies, facilities or trade secrets of the Company, (iib) result from work performed by the Employee for the Company, or (iiic) relate to the Company’s 's business or current or anticipated research and development, will be the sole and exclusive property of the Company and are hereby assigned by the Employee to the Company.

Appears in 4 contracts

Samples: Employment Agreement (Netplex Systems Inc), Employment Agreement (Netplex Group Inc), Employment Agreement (Netplex Group Inc)

AutoNDA by SimpleDocs

Assignment and Disclosure of Inventions. (a) From and after the date the Employee first became employed with the Company, the Employee hereby agrees to promptly disclose in confidence to the Company all inventions, improvements, designs, original works of authorship, formulas, processes, compositions of matter, computer software programs, databases, mask works, and trade secrets (“inventions”"Inventions"), whether or not ---------- patentable, copyrightable or protectible as trade secrets, that are made or conceived or first reduced to practice or created by the Employee, either alone or jointly with others, during the period of the Employee’s 's employment, whether or not in the course of the Employee’s 's employment. (b) The Employee hereby acknowledges that copyrightable works prepared by the Employee within the scope of the Employee’s 's employment are "works for hire" under the Copyright Act and that the Company will be considered the author thereof. The Employee hereby agrees that all Inventions that (ia) are developed using equipment, supplies, facilities or trade secrets of the Company, (iib) result from work performed by the Employee for the Company, or (iiic) relate to the Company’s 's business or current or anticipated research and development, will be the sole and exclusive property of the Company and are hereby assigned by the Employee to the Company.

Appears in 1 contract

Samples: Employment Agreement (Template Software Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!