Common use of Company Improvements Clause in Contracts

Company Improvements. In the event the Company independently develops, reduces to practice or conceives Company Intellectual Property, the Company shall own all such know-how, modifications or other proprietary technology. Nothing in this Agreement shall be deemed to grant to XOX or create an obligation on the Company's part to grant to XOX any right Company Intellectual Property, now existing or which may hereafter come into existence.

Company Improvements. In the event the Company independently develops, reduces to practice or conceives Company Intellectual Property, the Company shall own all such know-how, modifications or other proprietary technology. Nothing in this Agreement shall be deemed to grant to XOX or create an obligation on the Company's part to grant to XOX any right in Company Intellectual Property, now existing or which may hereafter arise or come into existence.