Common use of Inventions; Company Property Clause in Contracts

Inventions; Company Property. 7.1 All rights in Inventions which Employee conceives, makes or obtains either alone or with others during his/her employment by Company or its Affiliates (both before and after the Effective Date of this Agreement) and within six months after his/her employment ends, are and shall be the property of Company except as set forth in Section 7.2 hereof. 7.2 This Agreement does not apply to Inventions that Company determines in its sole discretion to be unrelated to any matter of actual or potential interest to Company unless they are conceived, made or obtained in the course of his/her employment or with the use of the time, material or facilities of Company. 7.3 Employee shall make full and prompt disclosure to Company of all Inventions that are defined by this Section 7 to be Company’s property. At Company’s request and expense (but without additional compensation to Employee), Employee shall at any time take such actions as Company reasonably considers necessary to obtain or preserve Company’s rights in such Inventions. These actions may include, but are not necessarily limited to, signing and delivering applications, assignments and other papers and testifying in legal proceedings.

Appears in 2 contracts

Samples: Employment Agreement (Innocoll GmbH), Employment Agreement (Innocoll GmbH)

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Inventions; Company Property. 7.1 All rights in Inventions which Employee conceives, makes or obtains either alone or with others during his/her his employment by Company or its Affiliates (both before and after the Effective Date of this Agreement) and within six months after his/her his employment ends, are and shall be the property of Company except as set forth in Section 7.2 hereof. 7.2 This Agreement does not apply to Inventions that Company determines in its sole discretion to be unrelated to any matter of actual or potential interest to Company unless they are conceived, made or obtained in the course of his/her his employment or with the use of the time, material or facilities of Company. 7.3 Employee shall make full and prompt disclosure to Company of all Inventions that are defined by this Section 7 to be Company’s property. At Company’s request and expense (but without additional compensation to Employee), Employee shall at any time take such actions as Company reasonably considers necessary to obtain or preserve Company’s rights in such Inventions. These actions may include, but are not necessarily limited to, signing and delivering applications, assignments and other papers and testifying in legal proceedings.

Appears in 2 contracts

Samples: Employment Agreement (Innocoll GmbH), Employment Agreement (Innocoll GmbH)

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