Inventor’s Remuneration Sample Clauses

The Inventor’s Remuneration clause establishes the obligation of an employer or contracting party to compensate inventors for their contributions to inventions, typically when those inventions are patented or otherwise commercially exploited. In practice, this clause outlines the criteria for eligibility, the method of calculating payments, and the timing of remuneration, which may include lump sums, royalties, or other financial rewards. Its core function is to ensure that inventors receive fair recognition and financial benefit for their innovations, thereby incentivizing creativity and clarifying compensation expectations.