Common use of CLAIMS BY THIRD PARTY Clause in Contracts

CLAIMS BY THIRD PARTY. As to any Inventions which were made, developed, perfected, devised, conceived or reduced to practice by Employee during the period of his/her employment by the Company, and up to and including a period of twelve (12) months after termination of his/her employment, but which are claimed for any reason to belong to an entity or person other than the Company, Employee will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Inventions under the terms of this Agreement.

Appears in 2 contracts

Samples: Merger Agreement (Palatin Technologies Inc), Merger Agreement (Molecular Biosystems Inc)

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CLAIMS BY THIRD PARTY. As to any Inventions which were made, developed, perfected, devised, conceived or reduced to practice by Employee during the period of his/her employment by the Company, and up to and including a period of twelve (12) months after termination of his/her employment, but which are claimed for any reason to belong to an entity or person other than the Company, Employee will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Inventions under the terms of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)

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CLAIMS BY THIRD PARTY. As to any Inventions which were made, developed, perfected, devised, conceived or reduced to practice by Employee during the period of his/her his employment by the Company, and up to and including a period of twelve (12) months after termination of his/her his employment, but which are claimed for any reason to belong to an entity or person other than the Company, Employee will promptly disclose the same in writing to the Company and shall not disclose the same to others if the Company, within twenty (20) days thereafter, shall claim ownership of such Inventions under the terms of this Agreement.

Appears in 2 contracts

Samples: Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)

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