Common use of Inventions Improvement Clause in Contracts

Inventions Improvement. LICENSEE shall require each of its employees and consultants having access to technical information, data and Know-How relating to the Licensed Products or component parts thereof to enter into an agreement with LICENSEE, in form and substance satisfactory to LICENSOR, whereby each such employee or consultant agrees to assign to LICENSEE the entire right, title and interest in and to any and all inventions relating to the Licensed Products, or relating to or useful in the manufacture thereof. made by him whether during or after the course of his employment or engagement by LICENSEE. If during the term of this Agreement, LICENSEE, or any of its Affiliates or employees makes or acquires any invention or claim in any patent that in use would infringe any Patent or that constitutes an improvement of a Licensed Product, LICENSEE shall promptly assign to LICENSOR such invention or claim. LICENSOR shall have the exclusive right and option to file and perfect any and all patent applications embodying or arising out of such invention or claim, in the Territory, and elsewhere, in the name of LICENSOR and to that end shall have the right to receive and/or inspect all drawings, plans, models, specifications and worksheets relating thereto and to interview any and all of LICENSEE's employees and associated personnel and organizations having knowledge thereof. LICENSEE shall retain an exclusive license in the Territory to use such invention or claim on the Licensed Product, free of additional royalty charges.

Appears in 1 contract

Samples: Joint Venture Agreement (TRB Systems International Inc)

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Inventions Improvement. LICENSEE shall require each of its employees and consultants having access to technical information, data and Know-How relating to the Licensed Products or component parts thereof to enter into an agreement with LICENSEE, in form and substance satisfactory to LICENSOR, whereby each such employee or consultant agrees to assign to LICENSEE the entire right, . title and interest in and to any and all inventions relating to the Licensed Products, or relating to or useful in the manufacture thereof. , made by him whether during or after the course of his employment or engagement by LICENSEE. If during the term of this Agreement, LICENSEE, or any of its Affiliates or employees makes or acquires any invention or claim in any patent that in use would infringe any Patent or that constitutes an improvement of a Licensed Product, LICENSEE shall promptly assign to LICENSOR such invention or claim. LICENSOR shall have the exclusive right and option to file and perfect any and all patent applications embodying or arising out of such invention or claim, in the Territory, Territory and elsewhere, in the name of LICENSOR and to that end shall have the right to receive and/or inspect all drawings, plans, models, specifications and worksheets relating thereto and to interview any and all of LICENSEE's employees and associated personnel and organizations having knowledge thereof. LICENSEE shall retain an exclusive license in the Territory to use such invention or claim on the Licensed Product, free of additional royalty charges.

Appears in 1 contract

Samples: License and Marketing Agreement (TRB Systems International Inc)

Inventions Improvement. LICENSEE shall require each of its employees and consultants having access to technical information, data and Know-How relating to the Licensed Products or component parts thereof to enter into an agreement with LICENSEE, LICENSEE in form and substance satisfactory to LICENSOR, whereby each such employee or consultant agrees to assign to LICENSEE the entire right, title and interest in and to any and all inventions relating to the Licensed Products, or relating to or useful in the manufacture thereof. , made by him whether during or after the course of his employment or engagement by LICENSEE. If during the term of this Agreement, LICENSEE, or any of its Affiliates or employees makes or acquires any invention or claim in any patent that in use would infringe any Patent or that constitutes an improvement of a Licensed Product, LICENSEE shall promptly assign to LICENSOR such invention or claim. LICENSOR shall have the exclusive right and option to file and perfect any and all patent applications embodying or arising out of such invention or claim, in the Territory, Territory and elsewhere, in the name of LICENSOR and to that end shall have the right to receive and/or inspect all drawings, plans, models, specifications and worksheets relating thereto and to interview any and all of LICENSEE's employees and associated personnel and organizations having knowledge thereof. LICENSEE shall retain an exclusive license in the Territory to use such invention or claim on the Licensed Product, free of additional royalty charges.

Appears in 1 contract

Samples: License and Marketing Agreement (TRB Systems International Inc)

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Inventions Improvement. LICENSEE shall require each of its employees and consultants having access to technical information, data and Know-How relating to the Licensed Products or component parts thereof to enter into an agreement with LICENSEE, in form and substance satisfactory to LICENSOR, whereby each such employee or consultant agrees to assign to LICENSEE the entire right, title and interest interest: in and to any and all inventions relating to the Licensed Products, or relating to or useful in the manufacture thereof. , made by him whether during or after the course of his employment or engagement by LICENSEE. If during the term of this Agreement, LICENSEE, or any of its Affiliates or employees makes or acquires any invention or claim in any patent that in use would infringe any Patent or that constitutes an improvement of a Licensed Product, LICENSEE shall promptly assign to LICENSOR such invention or claim. LICENSOR shall have the exclusive right and option to file and perfect any and all patent applications embodying or arising out of such invention or claim, in the Territory, Territory and elsewhere, in the name of LICENSOR and to that end shall have the right to receive and/or inspect all drawings, plans, models, specifications and worksheets relating thereto and to interview any and all of LICENSEE's employees and associated personnel and organizations having knowledge thereof. LICENSEE shall retain an exclusive license in the Territory to use such invention or claim on the Licensed Product, free of additional royalty charges.

Appears in 1 contract

Samples: License and Marketing Agreement (TRB Systems International Inc)

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