Common use of Inventions, Discoveries and Improvements Clause in Contracts

Inventions, Discoveries and Improvements. (i) Executive will promptly disclose and describe to Company all inventions, improvements, discoveries and technical developments, whether or not patentable, made or conceived by Executive, either alone or with others, either (i) during Executive's employment, or (ii) if based in whole or in part upon Confidential Information of Company, within one (1) year after Executive's termination (both categories collectively referred to hereafter as "Inventions"). All such Inventions that relate in any way to Company's business ("Company Inventions") will be used solely for the benefit of Company and will become and remain its sole property. Executive agrees to execute an assignment to Company or its nominee of Executive's entire right, title and interest in and to such Company Inventions and to execute any other instruments and documents that may be requested by Company for the purpose of applying for and obtaining patents with respect to such Company Inventions in the United States and in all foreign countries. Executive also agrees, whether or not in the employ of Company, to cooperate to the extent and in the manner reasonably requested by Company in the prosecution or defense of any patent claims or any litigation or other proceeding involving any such Company Inventions, but all of Executive's reasonable expenses in connection with such proceedings will be paid by Company.

Appears in 4 contracts

Samples: Employment Agreement (Yupi Internet Inc), Employment Agreement (Yupi Internet Inc), Employment Agreement (Yupi Internet Inc)

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