Common use of Assignment of Company Work Product Clause in Contracts

Assignment of Company Work Product. Executive irrevocably assigns to Company all right, title, and interest worldwide in and to Company Work Product and all applicable intellectual property rights related to Company Work Product, including without limitation, copyrights, trademarks, trade secrets, patents, moral rights, contract, and licensing rights (the “Proprietary Rights”). Except as set forth below, Executive retains no rights to use Company Work Product and agrees not to challenge the validity of Company’s ownership in Company Work Product. Subject to the terms of this Agreement, including but not limited to payment of the Compensation, Executive hereby grants to Company a non-exclusive, royalty-free, irrevocable, and world-wide right, with rights to sublicense through multiple tiers of sub-licensees, to reproduce, make derivative works of, publicly perform, and publicly display in any form or medium, whether now known or later developed, distribute, make, use, and sell any prior Executive Work Product incorporated or used in Company Work Product for the purpose of developing and marketing Company products. If Executive has any rights to Company Work Product that cannot be assigned to Company, Executive unconditionally and irrevocably waives the enforcement of such rights and all claims and causes of action of any kind against Company with respect to such rights. If Executive has any right to Company Work Product that cannot be assigned to Company or waived by Executive, Executive unconditionally and irrevocably grants to Company during the term of such rights, an exclusive, irrevocable, perpetual, worldwide, fully paid and royalty-free license, with rights to sublicense through multiple levels of sub-licensees, to reproduce, create derivative works of, distribute, publicly perform and publicly display by all means now known or later developed, such rights. Executive agrees to cooperate with Company or its designee(s), both during and after the term of this Agreement, in the procurement and maintenance of Company’s rights in Company Work Product, and to execute, when requested, any other documents deemed necessary by Company to carry out the purpose of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement, Employment Agreement (Provention Bio, Inc.)

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Assignment of Company Work Product. Executive Consultant hereby irrevocably assigns to the Company all right, title, and interest worldwide in and to Company Work Product and all applicable intellectual property rights related to Company Work Product, including without limitation, copyrights, trademarks, trade secrets, patents, moral rights, contract, and licensing rights (the “Proprietary Rights”). Except as set forth below, Executive Consultant retains no rights to use Company Work Product and agrees not to challenge the validity of the Company’s ownership in Company Work Product. Subject to the terms of this Agreement, including but not limited to payment of the Compensation, Executive Consultant hereby grants to the Company a non-an exclusive, royalty-free, irrevocable, and world-wide right, with rights to sublicense through multiple tiers of sub-licenseessublicensees, to reproduce, make derivative works of, publicly perform, and publicly display in any form or medium, whether now known or later developed, distribute, make, use, and sell any prior Executive Prior Work Product incorporated or used in Company Work Product for the purpose of developing and marketing Company the Company’s products. If Executive Consultant has any rights to Company Work Product that cannot be assigned to the Company, Executive Consultant unconditionally and irrevocably waives the enforcement of such rights and all claims and causes of action of any kind against the Company with respect to such rights. If Executive Consultant has any right to Company Work Product that cannot be assigned to the Company or waived by ExecutiveConsultant, Executive Consultant unconditionally and irrevocably grants to the Company during the term of such rights, an exclusive, irrevocable, perpetual, worldwide, fully paid and royalty-free license, with rights to sublicense through multiple levels of sub-licenseessublicensees, to reproduce, create derivative works of, distribute, publicly perform and publicly display by all means now known or later developed, such rights. Executive Consultant agrees to cooperate with the Company or its designee(s), both during and after the term of this AgreementTerm, in the procurement and maintenance of the Company’s rights in Company Work Product, and to execute, when requested, any other documents deemed necessary by the Company to carry out the purpose of this Agreement.

Appears in 1 contract

Samples: Consulting Agreement (Castle Biosciences Inc)

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Assignment of Company Work Product. Executive Consultant irrevocably assigns to Company all right, title, and interest worldwide in and to Company Work Product and all applicable intellectual property rights related to Company Work Product, including without limitation, copyrights, trademarks, trade secrets, patents, moral rights, contract, and licensing rights (rights, and to the “Proprietary Rights”)fullest extent possible by law and to the fullest extent under California Labor Code §§ 2870-2872, whether or not applicable to independent contractors. Except as set forth below, Executive Consultant retains no rights to use Company Work Product and agrees not to challenge the validity of Company’s ownership in Company Work Product. Subject to the terms of this Agreement, including but not limited to payment of the Compensation, Executive Consultant hereby grants to Company a non-exclusive, royalty-free, irrevocable, and world-wide right, with rights to sublicense through multiple tiers of sub-licenseessublicensees, to make, have made, use, sell, have sold, reproduce, make derivative works of, distribute, publicly perform, and publicly display in any form or medium, medium whether now known or later developed, distribute, make, use, and sell any prior Executive Prior Work Product incorporated or used in Company Work Product for the purpose of developing and marketing Company products. If Executive Consultant has any rights to Company Work Product that cannot be assigned to Company, Executive Consultant unconditionally and irrevocably waives the enforcement of such rights and all claims and causes of action of any kind against Company with respect to such rights. If Executive Consultant has any right to Company Work Product that cannot be assigned to Company or waived by ExecutiveConsultant, Executive Consultant unconditionally and irrevocably grants to Company during the term of such rights, an exclusive, irrevocable, perpetual, worldwide, fully paid and royalty-royalty- free license, with rights to sublicense through multiple levels of sub-licenseessublicensees, to make, have made, use, sell, have sold, reproduce, create derivative works of, distribute, publicly perform and publicly display by all means now known or later developed, such rightsCompany Work Product and rights therein. Executive Consultant shall require that any Representative of Consultant that performs any aspect of the Services, as approved by Company, shall agree to assign, and shall assign, to Consultant all of his/her/its right, title and interest in and to the Company Work Product, such that Consultant is able to satisfy its obligations to Company hereunder. Consultant agrees to cooperate with Company or its designee(s), both after the Effective Date and during and after the term Term of this Agreement, in the procurement and maintenance of Company’s rights in Company Work Product, and to execute, when requested, any other documents deemed necessary by Company to carry out the purpose of this Agreement.

Appears in 1 contract

Samples: Consulting Agreement (Mirati Therapeutics, Inc.)

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