Common use of Confidentiality and Intellectual Property Rights Clause in Contracts

Confidentiality and Intellectual Property Rights. (a) VSH shall cause each Secondee to enter into agreements as to confidentiality and as to compliance with policies corresponding to those normally obtained by VPG from its employees and consultants. (b) VSH and VPG each agrees to take all reasonable measures to protect the confidential information and intellectual property of the other that may, directly or indirectly, be disclosed in connection with the Secondment. Neither party will improperly use or disclose any confidential information or intellectual property of the other, without the other party’s consent, and each party agrees to promptly notify the other of its possession of any confidential information or intellectual property of the other. (c) If at any time during the Term either Secondee alone or jointly discovers or acquires any invention, development, improvement, process or design whatsoever or any interests therein which shall relate to or concern the activities of VPG, VSH shall cause each Secondee to be obligated to communicate full details thereof to VPG, and any such invention made or discovered as aforesaid shall belong to and be the absolute property of VPG; provided that no such invention, development, improvement, process or design shall incorporate the proprietary know-how or other intellectual property of VSH without the consent of VSH and, to the extent incorporating such know-how or intellectual property, shall not be the property of VPG unless otherwise agreed by VSH.

Appears in 4 contracts

Samples: Secondment Agreement (Vishay Precision Group, Inc.), Secondment Agreement (Vishay Precision Group, Inc.), Secondment Agreement (Vishay Precision Group, Inc.)

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Confidentiality and Intellectual Property Rights. (a) VSH A-Xxxx shall cause each Secondee to enter into agreements as to confidentiality and as to compliance with policies corresponding to those normally obtained by VPG SGI from its employees and consultants. (b) VSH A-Xxxx and VPG SGI each agrees to take all reasonable measures to protect the confidential information and intellectual property of the other that may, directly or indirectly, be disclosed in connection with the Secondment. Neither party will improperly use or disclose any confidential information or intellectual property of the other, without the other party’s consent, and each party agrees to promptly notify the other of its possession of any confidential information or intellectual property of the other. (c) If at any time during the Term either Secondee alone or jointly discovers or acquires any invention, development, improvement, process or design whatsoever or any interests therein which shall relate to or concern the activities of VPGSGI, VSH A-Xxxx shall cause each Secondee to be obligated to communicate full details thereof to VPGSGI, and any such invention made or discovered as aforesaid shall belong to and be the absolute property of VPGSGI; provided that no such invention, development, improvement, process or design shall incorporate the proprietary know-how or other intellectual property of VSH A-Xxxx without the consent of VSH A-Xxxx and, to the extent incorporating such know-how or intellectual property, shall not be the property of VPG SGI unless otherwise agreed by VSHA-Xxxx.

Appears in 2 contracts

Samples: Secondment Agreement (Spectrum Group International, Inc.), Secondment Agreement (A-Mark Precious Metals, Inc.)

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