Common use of Creations Clause in Contracts

Creations. (a) The Executive hereby agrees that (i) all Creations (defined below) and other works created by the Executive or under the Company’s direction in connection with its business, whether or not the same are patentable or copyrightable, are “works made for hire” and shall be the sole and exclusive property of the Company; (ii) any and all copyrights, trademarks or patents to such Creations or other works shall belong to the Company; and (iii) the Executive shall execute all documents that may be necessary in order to convey or to assign to the Company any rights he may have in such Creations or other works. To the extent such Creations or other works are not deemed to be “works made for hire”, the Executive hereby assigns all proprietary rights, including copyright, in such Creations or other works to the Company without further compensation. (b) The Executive further agrees (i) to disclose promptly to the Company all such Creations that the Executive has made or may make solely, jointly or commonly with others; (ii) to assign all such Creations to the Company; and (iii) to execute and to deliver to the Company any and all applications, assignments, or other instruments that the Company may deem necessary in order to enable it to apply for, to prosecute and to obtain copyrights, patents or other proprietary rights with respect to such Creations or in order to transfer to the Company any and all right, title, and interest in such Creations.

Appears in 4 contracts

Samples: Employment Agreement (Rancher Energy Corp.), Employment Agreement (Rancher Energy Corp.), Employment Agreement (Rancher Energy Corp.)

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