Non-Assignable Inventions. THIS IS TO NOTIFY me [in accordance with Section 34:1B-265 of the New Jersey Statutes] that the provisions in this Section 2 between me and Employer shall not apply to an invention that I developed entirely on my own time without using Employer equipment, supplies, facilities, or trade secret information, except for those inventions that either: (a) relate to Employer’s business, or actual or demonstrably anticipated research or development; or (b) result from any work performed by me on behalf of Employer (collectively, “Nonassignable Inventions”). To the extent a provision in this Section 2 purports to require me to assign an invention otherwise excluded from the preceding paragraph, the provision is against the public policy of this state and is void and unenforceable.
Appears in 5 contracts
Samples: Executive Employment Agreement (BTRS Holdings Inc.), Executive Employment Agreement (BTRS Holdings Inc.), Executive Employment Agreement (BTRS Holdings Inc.)
