Common use of ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS Clause in Contracts

ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS. Employee recognizes that UroMed possesses or will possess information which has commercial value in UroMed's business ("Proprietary Information") including without limitation, information created, discovered or developed directly or indirectly by Employee in connection with Employee's services hereunder or made known to Employee during his or her employment. Employee acknowledges that such Proprietary Information shall include, without limitation, inventions, product improvements, financial, technical or sales strategies, forecasts, product ideas, formulas, processes, copyrightable and/or patentable materials and/or concepts, schematics, techniques, market research and /or customer lists which Employee may create or be exposed to from time to time. Employee expressly agrees that all Proprietary Information and rights thereto shall be and remain the sole and exclusive property of UroMed, and Employee hereby without further consideration, unconditionally, exclusively and irrevocably assigns to UroMed, royalty free, all of his or her right, title and interest in such Proprietary Information. Notwithstanding the foregoing, Employee shall execute and deliver such confirmatory instruments of this assignment as UroMed may request including, without limitation, applications for patent and/or copyright registration. Employee agrees that the foregoing assignments are a material term of employment by UroMed and that his or her compensation includes sufficient consideration therefor. Upon the termination or expiration of Employee's employment with UroMed. Employee shall immediately deliver to the President of UroMed all files, notes, lists, rolodex cards, credit cards, computer disks, recordings, print-outs, and drawings (including, without limitation, any materials reflecting or containing Proprietary Information) which are under the control or in the possession of Employee and relate to the operation and business of UroMed. Employee shall not be entitled to retain any duplicates of the foregoing, and acknowledges that failure to comply with these requirements will constitute criminal theft.

Appears in 2 contracts

Samples: Employment Agreement (Uromed Corp), Employment Agreement (Uromed Corp)

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ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS. Employee recognizes that UroMed possesses or will possess information which has commercial value in UroMed's business ("Proprietary Information") including without limitation, information created, discovered or developed directly or indirectly by Employee in connection with Employee's services hereunder or made known to Employee during his or her employment. Employee acknowledges that such Proprietary Information shall include, without limitation, inventions, product improvements, financial, technical or sales strategies, forecasts, product ideas, formulas, processes, copyrightable and/or patentable materials and/or concepts, schematics, techniques, market research and /or customer lists which Employee may create or be exposed to from time to time. Employee expressly agrees that all Proprietary Information and rights thereto shall be and remain the sole and exclusive property of UroMed, and Employee hereby without further consideration, unconditionally, exclusively and irrevocably assigns to UroMed, royalty free, all of his or her right, title and interest in such Proprietary Information. Notwithstanding the foregoing, Employee shall execute and deliver such confirmatory instruments of this assignment as UroMed may request including, without limitation, applications for patent and/or copyright registration. Employee agrees that the foregoing assignments are a material term of employment by UroMed and that his or her compensation includes sufficient consideration therefor. Upon the termination or expiration of Employee's employment with UroMed. , Employee shall immediately deliver to the President of UroMed all files, notes, lists, rolodex cards, credit cards, computer disks, recordings, print-outs, and drawings (including, without limitation, any materials reflecting or containing Proprietary Information) which are under the control or in the possession of Employee and relate to the operation and business of UroMed; Employee may retain property which he can validate as his own brought in to the company. Employee shall not be entitled to retain any duplicates of the foregoing, and acknowledges that failure to comply with these requirements will constitute criminal theft.

Appears in 1 contract

Samples: Employment Agreement (Uromed Corp)

ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS. Employee recognizes that UroMed possesses or will possess information which has commercial value in UroMed's business as it has been historically conducted or presently conducted or as it is proposed to be conducted during the term of this Agreement, as evidenced through the business records of UroMed and its subsidiaries and affiliates ("Proprietary Information") including without limitation, information created, discovered or developed directly or indirectly by Employee in connection with Employee's services hereunder or made known to Employee during his or her employment. employment Employee acknowledges that such Proprietary Information shall include, without limitation, inventions, product improvements, financial, technical or sales strategies, forecasts, product ideas, formulas, processes, copyrightable and/or patentable materials and/or concepts, schematics, source codes, techniques, market research and /or customer lists which Employee may create or be exposed to from time to time. Employee expressly agrees agrees, that all Proprietary Information and rights thereto shall be and remain the sole and exclusive property of UroMed, and Employee hereby without further consideration, unconditionally, exclusively and irrevocably assigns to UroMed, royalty free, all of his or her right, title and interest in such Proprietary Information. Notwithstanding the foregoing, Employee shall execute and deliver such confirmatory instruments of this assignment as UroMed may request including, without limitation, applications for patent and/or copyright registration. Employee agrees that the foregoing assignments are a material term of employment by UroMed and that his or her compensation includes sufficient consideration therefor. Upon the termination or expiration of Employee's employment with UroMed. , Employee shall immediately deliver to the President and Chief Executive Officer of UroMed all files, notes, lists, rolodex cards, credit cards, computer disks, recordings, print-outs, and drawings (including, without limitation, any materials reflecting or containing Proprietary Information) which are under the control or in the possession of Employee and relate to the operation and business of UroMed. Employee shall not be entitled to retain any duplicates of the foregoing, and acknowledges that failure to comply with these requirements will constitute criminal theft.

Appears in 1 contract

Samples: Philip Heintz Employment Agreement (Uromed Corp)

ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS. The Employee recognizes that UroMed the Employee now possesses or and will possess during his employment by and directorship of the Employer information which that has commercial value in UroMedthe Employer's business ("Proprietary Information") ), such as ----------------------- information regarding customers, pricing policies, methods of operation, proprietary equipment and other hardware, software, sales, products, profits, costs, markets, and key personnel, and including without limitation, limitation information created, discovered or developed and inventions created directly or indirectly by the Employee in connection with Employee's performing his services hereunder hereunder, or made known to the Employee during his or her employmentthe term hereof. The Employee acknowledges that such Proprietary Information shall include, without limitation, inventions, product and service ideas and improvements, financial, technical or sales strategies, forecasts, product ideas, formulas, processes, copyrightable and/or patentable materials and/or concepts, schematics, techniques, market research and /or and/or customer lists which the Employee may create or be exposed to from while employed hereunder. Notwithstanding the foregoing, the Proprietary Information shall not include any information not relevant to the Employer's Industry if Employee first learns of or invents (or otherwise first comes to possess) such information at any time to timewhile he is a Director of the Employer. The Employee expressly agrees that all Proprietary Information and rights thereto shall be and remain the sole and exclusive property of UroMedthe Employer, and the Employee hereby without further consideration, unconditionally, exclusively and irrevocably assigns to UroMedthe Employer, royalty free, all of his or her right, title and interest in and to such Proprietary Information. Notwithstanding the foregoing, the Employee shall execute and deliver such confirmatory instruments of this assignment as UroMed the Employer may request including, without limitation, applications for patent and/or copyright registration. The Employee agrees that the foregoing assignments are a material term of his employment by UroMed relationship with the Employer and that his or her compensation Salary includes sufficient consideration therefor. Upon the termination or expiration of Employee's employment with UroMed. Employee shall immediately deliver to the President of UroMed all files, notes, lists, rolodex cards, credit cards, computer disks, recordings, print-outs, and drawings (including, without limitation, any materials reflecting or containing Proprietary Information) which are under the control or in the possession of Employee and relate to the operation and business of UroMed. Employee shall not be entitled to retain any duplicates of the foregoing, and acknowledges that failure to comply with these requirements will constitute criminal theft.

Appears in 1 contract

Samples: Employment Agreement (Unifi Communications Inc)

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ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS. Employee recognizes that UroMed possesses or will possess information which has commercial value in UroMed's business ("Proprietary Information") including without limitation, information created, discovered or developed directly or indirectly by Employee in connection with Employee's services hereunder or made known to Employee during his or her employment. Employee acknowledges that such Proprietary Information shall include, without limitation, inventions, product improvements, financial, technical or sales strategies, forecasts, product ideas, formulas, processes, copyrightable and/or patentable materials and/or concepts, schematics, techniques, market research and /or customer lists which Employee may create or be exposed to from time to time. Employee expressly agrees that all Proprietary Information and rights thereto shall be and remain the sole and exclusive property of UroMed, and Employee hereby without further consideration, unconditionally, exclusively and irrevocably assigns to UroMed, royalty free, all of his or her right, title and interest in such Proprietary Information. Notwithstanding the foregoing, Employee shall execute and deliver such confirmatory instruments of this assignment as UroMed may request including, without limitation, applications for patent and/or copyright registration. Employee agrees that the foregoing assignments are a material term of employment by UroMed and that his or her compensation includes sufficient consideration therefor. Upon the termination or expiration of Employee's employment with UroMed. Employee shall immediately deliver to the President of UroMed all files, notes, lists, rolodex cards, credit cards, computer disks, recordings, print-outs, and drawings (including, without limitation, any materials reflecting or containing Proprietary Information) which are under the control or in the possession of Employee and relate to the operation and business of UroMed. , Employee shall not be entitled to retain any duplicates of the foregoing, and acknowledges that failure to comply with these requirements will constitute criminal theft.

Appears in 1 contract

Samples: Employment Agreement (Uromed Corp)

ASSIGNMENT OF RIGHTS TO PROPRIETARY INFORMATION AND INVENTIONS. Employee recognizes that UroMed possesses or will possess information which has commercial value in UroMed's business as it has been historically conducted or presently conducted or as it is proposed to be conducted during the term of this Agreement, as evidenced through the business records of UroMed and its subsidiaries and affiliates ("Proprietary Information") including without limitation, information created, discovered or developed directly or indirectly by Employee in connection with Employee's services hereunder or made known to Employee during his or her employment. Employee acknowledges that such Proprietary Information shall include, without limitation, inventions, product improvements, financial, technical or sales strategies, forecasts, product ideas, formulas, processes, copyrightable and/or patentable materials and/or concepts, schematics, source codes, techniques, market research and /or customer lists which Employee may create or be exposed to from time to time. Employee expressly agrees agrees, that all Proprietary Information and rights thereto shall be and remain the sole and exclusive property of UroMed, and Employee hereby without further consideration, unconditionally, exclusively and irrevocably assigns to UroMed, royalty free, all of his or her right, title and interest in such Proprietary Information. Notwithstanding the foregoing, Employee shall execute and deliver such confirmatory instruments of this assignment as UroMed may request including, without limitation, applications for patent and/or copyright registration. Employee agrees that the foregoing assignments are a material term of employment by UroMed and that his or her compensation includes sufficient consideration therefor. Upon the termination or expiration of Employee's employment with UroMed. , Employee shall immediately deliver to the President and Chief Executive Officer of UroMed all files, notes, lists, rolodex cards, credit cards, computer disks, recordings, print-outs, and drawings (including, without limitation, any materials reflecting or containing Proprietary Information) which are under the control or in the possession of Employee and relate to the operation and business of UroMed. Employee shall not be entitled to retain any duplicates of the foregoing, and acknowledges that failure to comply with these requirements will constitute criminal theft.

Appears in 1 contract

Samples: Potts Employment Agreement (Uromed Corp)

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