CLAIMS BY THIRD PARTY. As to any Inventions which were made, developed, perfected, devised, conceived or reduced to practice by me during the period of my employment by the Company, and up to and including a period of twelve (12) months after termination of my employment, but which are claimed for any reason to belong to an entity or person other than the Company, I 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. If the Company makes such a claim, I agree that any controversy relating to such claim shall be settled and determined by binding arbitration conducted in San Diego, California, in accordance with the rules of the Judicial Arbitration and Mediation Services then existing. The cost of arbitration shall be shared equally.
Appears in 4 contracts
Samples: Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc), Employment Agreement (Molecular Biosystems Inc)
