Assignment of Inventions, Improvements and Developments Clause Samples
The Assignment of Inventions, Improvements and Developments clause establishes that any inventions, enhancements, or new creations made by an employee or contractor during their engagement with a company are legally transferred to the company. This typically applies to intellectual property developed within the scope of employment or using company resources, such as new software, product designs, or business processes. The core function of this clause is to ensure that the company retains ownership of valuable intellectual property created by its personnel, thereby protecting its business interests and preventing disputes over rights to innovations.
Assignment of Inventions, Improvements and Developments. The Employee hereby assigns and agrees to assign to the Company the entire worldwide right, in all inventions, improvements and developments, patentable or unpatentable, which, during his employment by the Company he shall have made or conceived or hereafter may make or conceive, either solely or jointly with others (a) with the use of the Company’s time, equipment, materials, supplies, facilities, or trade secrets or confidential business information or (b) resulting from or suggested by his work for the Company or (c) contemplated business of the Company, including, but not limited to, pre-insulated and/or secondarily contained piping systems for district heating and cooling systems, oil and gas flow lines, chemical transportation and related products and materials. All such inventions, improvements and developments shall automatically and immediately be deemed to be the property of the Company as soon as made or conceived. This assignment includes all rights to claim for any patent application for such inventions, improvements and developments the full benefits and priority rights under the Patent Cooperation Treaty, the Paris Convention, and any other international intellectual property agreement. This assignment includes all rights to s▇▇ for all infringements, including those which may have occurred before this assignment. It is understood that this Employment Agreement does not apply to an invention for which no equipment, supplies, facility or trade secret information of the Company was used and which was developed entirely on the Employee’s own time, unless the invention (i) is related to the business of the Company, (ii) is related to the Company’s actual or demonstrably anticipated research or development, or (iii) results from any work performed by the Employee for the Company.
Assignment of Inventions, Improvements and Developments. 5.1 IC expressly agrees that all manuals, documents, computers, laptops, files, reports, studies, instruments or other materials used and/or developed, as applicable, by IC shall remain the sole property of PPI, and that IC has no right, title or interest therein. Upon termination of this Agreement, IC shall promptly deliver possession of all of said property to PPI in good condition. IC shall be provided with a PPI email address, laptop computer and cell phone to perform services under this Agreement and IC acknowledge and agrees to use the said email address, laptop computer and cell phone only for the performance of services under this Agreement.
5.2 The IC hereby assigns and agrees to assign to PPI the entire worldwide right, in all inventions, improvements and developments, patentable or unpatentable, which, during this Agreement IC shall have made or conceived or hereafter may make or conceive, either solely or jointly with others (a) with the use of PPI’s time, equipment, materials, supplies, facilities, or trade secrets or confidential business information or (b) resulting from or suggested by his work for PPI or (c) in any way relating to any subject matter within the existing or contemplated business of PPI, including, but not limited to, pre-insulated and/or secondarily contained piping systems for district heating and cooling systems, oil and gas flow lines, chemical transportation and related products and materials. All such inventions, improvements and developments shall automatically and immediately be deemed to be the property of PPI as soon as made or conceived. This assignment includes all rights to ▇▇▇ for all infringements, including those which may have occurred before this assignment.
5.3 To the extent that IC’s work may not be considered the sole property of PPI, IC assigns to PPI, without the necessity of any further consideration, all of its right, title and interest in and to them. If and to the extent that IC may, under applicable law, be entitled to claim any ownership interest in the such work, IC transfers, grants, conveys and relinquishes exclusively to PPI all of its rights, title and interest under patent, copyright, trade secret, and trademark law, in perpetuity or for the longest period otherwise permitted by law.
5.4 IC shall sign, upon request, all documents necessary to vest title in any specific patent, trademark and/or copyright application to PPI. IC shall also cooperate and assist PPI in preparing, filing and prose...