Common use of Assignment of Rights to Inventions Clause in Contracts

Assignment of Rights to Inventions. The Executive agrees to promptly make full written disclosure to the Company and to hold in trust for the sole right and benefit of the Company any and all inventions, original works of authorship, developments, concepts, know-how, improvements and trade secrets, whether or not patentable or subject to registration under copyright or similar laws, which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the course of his employment with the Company that: (a) Relate at the time of conception or development to the actual or demonstrably proposed business or research and development activities of the Company; (b) Result from or relate to any work performed for the Company, whether or not during normal business hours; (c) Are developed on Company work time; or (d) Are developed through the use of Confidential Information or the Company's equipment, software or other facilities or resources (items (a) through (d) being collectively referred to herein as "Inventions"). The Executive hereby assigns to the Company or its designee all of the Executive's right, title and interest throughout the world in and to all Inventions, and the Executive acknowledges that all Inventions are "works made for hire" (to the greatest extent permitted by applicable law) and are fully compensated by the Executive's Base Salary, unless regulated otherwise by law.

Appears in 3 contracts

Samples: Employment Agreement (Metromedia International Group Inc), Employment Agreement (Metromedia International Group Inc), Employment Agreement (Metromedia International Group Inc)

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Assignment of Rights to Inventions. The Executive agrees to promptly make full written disclosure to the Company and to hold in trust for the sole right and benefit of the Company any and all inventions, original works of authorship, developments, concepts, know-how, improvements and trade secrets, whether or not patentable or subject to registration under copyright or similar laws, which the Executive may solely or jointly conceive or develop or reduce to practice, or cause to be conceived or developed or reduced to practice, during the course of his her employment with the Company that: (a) Relate at the time of conception or development to the actual or demonstrably proposed business or research and development activities of the Company; (b) Result from or relate to any work performed for the Company, whether or not during normal business hours; (c) Are developed on Company work time; or (d) Are developed through the use of Confidential Information or the Company's ’s equipment, software or other facilities or resources (items (a) through (d) being collectively referred to herein as "Inventions"). The Executive hereby assigns to the Company or its designee all of the Executive's ’s right, title and interest throughout the world in and to all Inventions, and the Executive acknowledges that all Inventions are "works made for hire" (to the greatest extent permitted by applicable law) and are fully compensated by the Executive's ’s Base Salary, unless regulated otherwise by law.

Appears in 1 contract

Samples: Employment Agreement (Metromedia International Group Inc)

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