Common use of Licensing and Use of Innovations Clause in Contracts

Licensing and Use of Innovations. With respect to any Inventions, and work of any similar nature (from any source), whenever created, which you have not conceived, reduced to practice or developed during the period while you are performing services for Company, but which you provide to Company or incorporate in any Company product or system, you hereby grant to Company a royalty-free, fully paid-up, non-exclusive, perpetual and irrevocable license throughout the world to use, modify, create derivative works from, disclose, publish, translate, reproduce, deliver, perform, dispose of, and to authorize others so to do, all such Inventions. You shall not include in any Inventions you deliver to Company or use on its behalf, without the prior written approval of Company, any material which is or shall be patented, copyrighted or trademarked by you or others unless you provide Company with the written permission of the holder of any patent, copyright or trademark owner for Company to use such material in a manner consistent with then-current Company policy.

Appears in 3 contracts

Samples: Executive Employment Agreement (NewHold Investment Corp.), Executive Employment Agreement (NewHold Investment Corp.), Executive Employment Agreement (NewHold Investment Corp.)

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Licensing and Use of Innovations. With respect to any Inventions, and work of any similar nature (from any source), whenever created, which you have Executive has not conceived, reduced to practice or developed during the period while you are performing services for Executive’s employment with Company, but which you provide Executive provides to Company or incorporate incorporates in any Company product or system, you Executive hereby grant grants to Company a royalty-free, fully paid-up, non-exclusive, perpetual and irrevocable license throughout the world to use, modify, create derivative works from, disclose, publish, translate, reproduce, deliver, perform, sell, license, dispose of, and to authorize others so to do, all such Inventions. You Executive shall not include in any Inventions you deliver Executive delivers to Company or use uses on its behalf, without the prior written approval consent of Company, any material which is or shall be patented, copyrighted or trademarked by you Executive or others unless you provide Executive provides Company with the written permission of the holder of any patent, copyright or trademark owner for Company to use such material in a manner consistent with then-current Company policy.. ​

Appears in 1 contract

Samples: Confidentiality, Non Competition, Non Solicitation and Inventions Assignment Agreement (Molekule Group, Inc.)

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