Common use of Intellectual Work Product Clause in Contracts

Intellectual Work Product. (i) Executive hereby acknowledges that all writings, documents, inventions, processes, products, methods, discoveries, computer programs or instructions (whether in source code, object code or other form), plans, customer lists, memoranda, tests, research, designs, specifications, models, data, diagrams, flow charts, techniques and similar or dissimilar intellectual work product (whether reduced to a written form or otherwise) that Executive may make, conceive, discover or develop, either solely or jointly with any other person, at any time while employed by the Company (the "Employment Period"), whether or not copyrightable or patentable, whether conceived or developed during working hours or at the Company's offices or at any other time or location, and whether upon the request or suggestion of the Company or otherwise, that relate to or may in any way be useful in connection with any business carried on by the Company during the Employment Period (collectively, the "Intellectual Work Product") is and will be the Company's sole and exclusive property. Executive shall promptly and fully disclose to the Company all of the Intellectual Work Product. Executive acknowledges that all Intellectual Work Product that is copyrightable will be considered a work made for hire under United States copyright laws. (ii) To the extent that any copyrightable Intellectual Work Product may not be considered a work made for hire under United States copyright laws, or to the extent that, notwithstanding the provisions of paragraph (i) of this Section 6(b), Executive retains an interest in any Intellectual Work Product that is not copyrightable, Executive hereby irrevocably assigns and transfers to the Company any and all right, title and interest that Executive may have in and to the Intellectual Work Product under copyright, patent, trade secret and trademark law and any other laws providing for the protection of intellectual or industrial property or similar rights in perpetuity or for the longest period otherwise permitted by law, without the necessity of further consideration. The Company shall have the exclusive right to obtain and hold in its name all copyrights, patents, trade secrets, trademarks, and other intellectual or industrial property or similar rights with respect to the Intellectual Work Product.