Common use of Employee for Hire Clause in Contracts

Employee for Hire. The Company shall own forever and throughout the world (exclusively during the current and renewed or extended term of patent anywhere in the world and thereafter, non-exclusively) all rights of any kind or nature now or hereafter known in and to all of the product of Employee's services hereunder in any capacity and any and all parts thereof, including, without limitation, patent, copyright and all other property or proprietary rights in or to any ideas, concepts, designs, drawings, plans, prototypes or any other similar creative works and to the product of any or all of such services, Employee acknowledging and agreeing that for the foregoing purposes, Employee is performing his services as the Company's employee-for-hire. Without limiting the generality of the previous sentence, Employee acknowledges and agrees that all memoranda, notes, records and other documents made or compiled by Employee or made available to Employee during the Term concerning the business of the Company, shall be the property of the Company, and shall be delivered by Employee to the Company, upon termination of this Agreement or at any other time at the Company's request.