Assignment of Intellectual Prope1ty Rights Sample Clauses

Assignment of Intellectual Prope1ty Rights. Executive hereby irrevocably assigns, transfers, and conveys, or shall cause to be assigned, transferred and conveyed to Company, any and all interest of Executive in all Intellectual Prope1ty created in the course of his employment and used or designed to be used in connection with the business of Company, to the extent not previously assigned, transferred, or conveyed in writing and approved by the CEO or COO of Company. For purposes of this Agreement, “Intellectual Property” shall include (i) all inventions (meaning any idea, discovery, improvement, innovation, design, process, method, formula, technique, machine, article of manufacture, composition of matter, algorithm, computer program, or similar concept, whether patentable or unpatentable and whether or not reduced to practice), all improvements thereto, and all patents, patent applications, and patent disclosures, together with all reissuances, continuations, continuations-in-part, revisions, extensions and reexaminations thereof, {ii) all copyrightable works, all copyrights, and all applications, registrations, and renewals in connection therewith, (iii) all patents and patent applications, and (iv) all trade secrets and confidential information. Any Intellectual Property relating to the business of Company that is developed by Executive during the Term shall remain the property of Company. Executive shall fully cooperate with Company to take any and all actions necessary to give effect to the provisions of this Section 4.7, including without limitation the execution of documents and the filing of applications. If Company is unable, after reasonable effort, to secure such cooperation needed to apply for or prosecute any patent, copyright, or other right or protection relating to Intellectual Prope1ty, Executive hereby designates and appoints Company and its duly authorized officers and agents as Executive’s agent and attomey-in-fact, to act for and on Executive’s behalf to execute, verify, and file any such applications and to do all other lawfully permitted acts to further the prosecution and issuance of patents, copyrights, and other rights and protection thereon with the same legal force and effect as if executed by him. Such appointment shall be irrevocable.