Ownership Acknowledgment and Assignment Clause Samples
The Ownership Acknowledgment and Assignment clause establishes that one party recognizes the other’s ownership of certain intellectual property and formally transfers any rights or interests they may have in that property. In practice, this clause typically applies to inventions, works of authorship, or other creations developed during the course of a contract, requiring the creator to assign all rights to the employer or commissioning party. Its core function is to ensure that ownership of valuable intellectual property is clearly vested in the intended party, thereby preventing future disputes over rights and usage.
Ownership Acknowledgment and Assignment. (a) For purposes of this Agreement the following definition shall apply: “Work Product” means all conceptual, technological, operating, training, marketing or other ideas, processes, designs, developments, and materials, specifically including all inventions, discoveries, improvements, enhancements, computer programs, mask works, written or other materials in any way pertaining to the existing or contemplated business, products or services of Employer, that Executive may develop or conceive of while employed by Employer, alone or with others, during or after working hours, and with or without the use of the resources of Employer. The determination of whether a Work Product exists should be made according to whether the development has any possible significance to Employer in Employer’s existing or contemplated business, regardless of whether it is technically eligible for protection under patent, copyright, mask work, trade secret law or other proprietary rights or intellectual property laws.
Ownership Acknowledgment and Assignment. (a) For purposes of this Agreement the following definition shall apply: “Work Product” means all conceptual, technological, operating, training, marketing or other ideas, processes, designs, developments, and materials, specifically including all inventions, discoveries, improvements, enhancements, computer programs, mask works, written or other materials in any way pertaining to the existing or contemplated business, products or services of Employer, that Executive may develop or conceive of while employed by Employer, alone or with others, during or after working hours, and with or without the use of the resources of Employer. The determination of whether a Work Product exists should be made according to whether the development has any possible significance to Employer in Employer’s existing or contemplated business, regardless of whether it is technically eligible for protection under patent, copyright, mask work, trade secret law or other proprietary rights or intellectual property laws.
(b) Executive acknowledges and agrees that all Work Product shall be considered made for hire by Executive for Employer and prepared within the scope of Executive’s employment for the ownership and benefit of Employer. Executive agrees to make and maintain adequate and current tangible records of such Work Product. Executive will promptly disclose all such Work Product to Employer and make available to Employer any work papers, models, diskettes, computer tapes, or other tangible incidents of such Work Product. Executive specifically agrees that all copyrightable materials generated or developed under this Agreement shall be considered works made for hire under U.S. copyright law and that all such materials shall, upon creation, be owned exclusively by Employer. To the extent that any such material, under applicable law, may not be considered works made for hire, Executive hereby assigns to Employer the ownership of copyright in such materials, without the necessity of any further consideration, and Employer shall be entitled to register and hold in its own name all copyrights in respect of such materials. Executive agrees to assign to Employer in full any right Executive may acquire now or in the future with respect to any such Work Product. Executive irrevocably waives and relinquishes any moral rights recognized by any applicable law in any Work Product. Executive agrees to perform upon the request of Employer any acts that may be necessary or desirable to transfer...
Ownership Acknowledgment and Assignment. (a) For purposes of this Agreement the following definitions shall apply: (i) “Company” means Transnetyx, Inc. or any division, affiliate, subsidiary, associated company or successor in business to any of the foregoing, and (ii) "Work Product" means all conceptual, technological, operating, training, marketing or other ideas, processes, designs, developments, and materials, specifically including all inventions, discoveries, improvements, enhancements, computer programs, mask works, written or other materials in any way pertaining to the existing or contemplated business, products or services of the Company, that Employee may develop or conceive of while employed by the Company, alone or with others, during or after working hours, and with or without the use of the resources of the Company. The determination of whether a Work Product exists should be made according to whether the development has any possible significance to the Company in the Company's existing or contemplated business, regardless of whether it is technically eligible for protection under patent, copyright, mask work, trade secret law or other proprietary rights or intellectual property laws.
Ownership Acknowledgment and Assignment. The Company hereby owns and Consultant hereby assigns to the Company, the entire title, right and interest in any and all information, data, summaries, statistics, results, reports, discoveries and/or inventions that are made, conceived, generated or reduced to practice by Consultant (whether patentable or not) during the term and which are based upon the consulting services performed for the Company or using any of the Confidential Information (as defined below), whether or not such information, data, summaries, statistics, results, reports, discoveries and/or inventions constitute “works for hire”, as defined by 17. U.S.C. § 201(b), including without limitation the copyrights thereto (“Work Product”). Consultant shall promptly disclose to the Company all Work Product and Consultant shall take any action or execute or cause to be executed any documentation necessary or reasonable to vest sole and exclusive title of any Work Product to the Company.