Common use of Disclosure of Inventions Clause in Contracts

Disclosure of Inventions. I agree that in connection with any Invention, I will promptly disclose such Invention to the Board of Directors of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 14 contracts

Samples: Employment Agreement (Alseres Pharmaceuticals Inc /De), Employment Agreement (Alseres Pharmaceuticals Inc /De), Employment Agreement (Alseres Pharmaceuticals Inc /De)

AutoNDA by SimpleDocs

Disclosure of Inventions. I agree that in connection with any Invention, I will promptly disclose such Invention to the Board of Directors and the Executive Committee of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 10 contracts

Samples: Employment Agreement (Pacific Research & Engineering Corp), Key Employee Agreement (Nexar Technologies Inc), Employee Agreement (Delcath Systems Inc)

Disclosure of Inventions. I agree that in connection with any ------------------------ Invention, I will promptly disclose such Invention to the Board of Directors of my immediate superior at the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 8 contracts

Samples: Key Employee Agreement (Applied Science & Technology Inc), Employment Agreement (Video Update Inc), Key Employee Agreement (Applied Science & Technology Inc)

Disclosure of Inventions. I agree that in connection with any Invention, I will promptly disclose such Invention to the Board of Directors or the Executive Committee of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 4 contracts

Samples: Key Employee Agreement (Global Sports Inc), Key Employee Agreement (Global Sports Inc), Key Employee Agreement (Ryka Inc)

Disclosure of Inventions. I agree that in connection with any ------------------------ Invention, I will promptly disclose such Invention to the Board of Directors of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 3 contracts

Samples: Employment Agreement (Aderis Pharmaceuticals Inc), Employment Agreement (Aderis Pharmaceuticals Inc), Employment Agreement (Aderis Pharmaceuticals Inc)

Disclosure of Inventions. I agree that in connection with any Invention, I will promptly disclose such Invention to the President, Board of Directors and the Executive Committee of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.322

Appears in 1 contract

Samples: Key Employee Agreement (Palomar Medical Technologies Inc)

AutoNDA by SimpleDocs

Disclosure of Inventions. I agree that in connection with any ------------------------ Invention, I will promptly disclose such Invention to the Board of Directors of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 1 contract

Samples: Employment Agreement (Ariel Corp)

Disclosure of Inventions. I agree that in connection with any Invention, I will promptly disclose such Invention to the members of the Board of Directors of the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of time.

Appears in 1 contract

Samples: Key Employee Agreement (National Datacomputer Inc)

Disclosure of Inventions. I agree that in connection with any Invention, I will promptly disclose such Invention to the Board of Directors of my immediate superior at the Company in order to permit the Company to enforce its property rights to such Invention in accordance with this Agreement. My The Company shall receive my disclosure shall be received in confidence by the Company. If the Company in good faith decides not to use an Invention, it will advise me of same and the rights to such Invention will revert to me within a reasonable period of timeconfidence.

Appears in 1 contract

Samples: Key Employee Agreement (Nexx Systems Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!