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Common use of Disclosure and Assignment of Inventions Clause in Contracts

Disclosure and Assignment of Inventions. Employee hereby assigns to Company all right, title and interest Employee may have in any Inventions that are discovered, invented, originated, developed, made, authored, or conceived by Employee (whether alone or with others) during Employee’s employment with Company and/or within six (6) months after Employee’s employment ends which relate to Company’s present or future business. Employee agrees to: (i) promptly disclose all such Inventions in writing to Company; (ii) keep complete and accurate records of all such Inventions, which records shall be Company property and shall be retained on Company premises; and (iii) execute such documents and do such other acts as may be necessary in the opinion of Company to establish and preserve Company’s property rights in all such Inventions. This section shall not apply to any Invention for which no equipment, supplies, facility or trade secret information of Company was used and which was developed entirely on Employee’s own time, and (1) which does not relate (a) directly to the business of Company, or (b) to Company’s actual or demonstrably anticipated research or development, and (2) which does not result from any work performed by Employee for Company.

Appears in 8 contracts

Samples: Corporate Executive Confidentiality, Non Competition and Non Solicitation Agreement, Corporate Executive Confidentiality, Non Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.), Corporate Executive Confidentiality, Non Competition and Non Solicitation Agreement (Zimmer Biomet Holdings, Inc.)

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