Common use of Ownership of Inventions and Work Product Clause in Contracts

Ownership of Inventions and Work Product. All such Inventions and all right, title, and interest of every kind and nature, whether now known or unknown, in and to any intellectual property, including, but not limited to, any computer software programs, trademarks, service marks, copyrights, films, scripts, ideas, creations, and properties invented, created, written, developed, furnished, produced, or disclosed by Employee, in the course of rendering services to Company under and pursuant to this Agreement (hereinafter “Work Product”) shall be the sole and exclusive property of Company or its nominee, and during the term of his employment and thereafter, whenever requested to do so by Company, Employee shall execute and assign any and all applications, assignments and other instruments which Company shall deem necessary or convenient in order to apply for and obtain Letters Patent or Copyright Registration of the United States and/or of any foreign countries for such Inventions and/or Work Product and in order to assign and convey to Company or its nominee the sole and exclusive right, title and interest in and to such inventions, and Employee will render reasonable aid and assistance in any interference or litigation pertaining thereto, all expenses reasonably incurred by Employee at the request of Company to be borne by Company, provided such aid assistance does not unreasonably interfere with Employee’s then current employment. In this connection, as to work which requires Employee’s time after termination of his employment, Employee shall be entitled to compensation for the time requested by Company at an hourly rate equal to the pro rata hourly rate at which Employee is being paid for a normal pay period immediately prior to the request for services. All Inventions and Work Product resulting from Employee’s employment by Company shall be considered “work for hire” for purposes of the United States copyright laws.

Appears in 2 contracts

Samples: Change in Control Agreement (Osmonics Inc), Change in Control Agreement (Osmonics Inc)

AutoNDA by SimpleDocs

Ownership of Inventions and Work Product. All such Inventions and The Contractor and/or Baruch will promptly disclose to the Company, or any persons designated by it, all rightimprovements, titleinventions, and interest of every kind and nature, whether now known or unknown, in and to any intellectual property, including, but not limited to, any computer software programs, trademarks, service marks, copyrights, films, scriptsformulae, ideas, creationsprocesses, techniques, know-how and data, whether or not patentable or otherwise registerable, made or conceived or reduced to practice or learned by Baruch, the Contractor, its directors, officers, controlling shareholders, and properties inventedemployees, createdeither alone or jointly with others, writtenduring the term of this Agreement, developedprior thereto (to the extent that the same is related to or useful in the business of the Company) or as a result of tasks assigned by the Company or as a result of the use of premises and/or equipment owned, furnished, producedleased, or disclosed contracted for by Employeethe Company (all such improvements, in the course of rendering services inventions, formulas, processes, techniques, know-how, and data are hereinafter referred to Company under as "Inventions"). The Contractor and/or Baruch agree that all Inventions are and pursuant to this Agreement (hereinafter “Work Product”) shall be the sole and exclusive property of the Company and its assigns, and the Company and its assigns shall be the sole owner of all patents and other rights in connection with such Inventions. The Contractor and/or Baruch hereby assign to the Company any rights the Contractor and/or Baruch may have or acquire (if any) in such Inventions. The Contractor and/or Baruch further agree to assist the Company in every reasonable and proper way (at the Company's expense) to obtain and from time to time enforce patents on such Inventions in any and all countries, including the execution of all documents required in applying for and enforcing patents on such Inventions, as the Company may desire, together with any assignments of such Inventions to the Company or its nomineepersons designated by it. Such assistance shall include, without limitation, the execution and during delivery of any requested affidavits and documents of assignment and conveyance and the provision of testimony in connection with any proceeding affecting the right, title or interest of the Company in any Invention. The Contractor's and/or Baruch's obligation to assist the Company in obtaining and enforcing patents for such Inventions in any or all countries shall continue beyond the term of his employment and thereafterthis Agreement, whenever requested to do so by Company, Employee shall execute and assign any and all applications, assignments and other instruments which but the Company shall deem necessary or convenient in order to apply compensate the Contractor at a reasonable rate for time actually spent by Baruch, after termination and obtain Letters Patent or Copyright Registration of the United States and/or of any foreign countries for such Inventions and/or Work Product and in order to assign and convey to Company or its nominee the sole and exclusive right, title and interest in and to such inventions, and Employee will render reasonable aid and assistance in any interference or litigation pertaining thereto, all expenses reasonably incurred by Employee at the request of Company to be borne by Company's request, provided in rendering such aid assistance does not unreasonably interfere with Employee’s then current employment. In this connection, as to work which requires Employee’s time after termination of his employment, Employee shall be entitled to compensation for the time requested by Company at an hourly rate equal to the pro rata hourly rate at which Employee is being paid for a normal pay period immediately prior to the request for services. All Inventions and Work Product resulting from Employee’s employment by Company shall be considered “work for hire” for purposes of the United States copyright lawsassistance.

Appears in 1 contract

Samples: Management Agreement (Bos Better Online Solutions LTD)

Ownership of Inventions and Work Product. All such Inventions and all right, title, and interest of every kind and nature, whether now known or unknown, in and to any intellectual property, including, but not limited to, any computer software programs, trademarks, service marks, copyrights, films, scripts, ideas, creations, creations and properties invented, created, written, developed, furnished, produced, produced or disclosed by Employee, Employee in the course of rendering services to the Company under and pursuant to this Agreement (hereinafter “Work Product”) shall be the sole and exclusive property of the Company or its nominee, and during the term of his employment and thereafter, whenever requested to do so by the Company, Employee shall execute and assign any and all applications, assignments and other instruments which the Company shall deem necessary or convenient in order to apply for and obtain Letters Patent or Copyright Registration of the United States and/or of any foreign countries for such Inventions and/or Work Product and in order to assign and convey to the Company or its nominee the sole and exclusive right, title and interest in and to such inventions, and Employee will render reasonable aid and assistance in any interference or litigation pertaining thereto, all expenses reasonably incurred by Employee at the request of the Company to be borne by the Company, provided such aid assistance does not unreasonably interfere with Employee’s then current employment. In this connection, as to work which requires Employee’s time after termination of his employment, Employee shall be entitled to compensation for the time requested by the Company at an hourly rate equal to the pro rata hourly rate at which Employee is being paid for a normal pay period immediately prior to the request for services. All Inventions and Work Product resulting from Employee’s employment by the Company shall be considered “work for hire” for purposes of the United States copyright laws.

Appears in 1 contract

Samples: Change in Control Agreement (Si Technologies Inc)

AutoNDA by SimpleDocs

Ownership of Inventions and Work Product. All such Inventions and all right, title, and interest of every kind and nature, whether now known or unknown, in and to any intellectual property, including, but not limited to, any computer software programs, trademarks, service marks, copyrights, films, scripts, ideas, creations, processes, properties and properties products invented, created, written, developed, furnished, produced, or disclosed by EmployeeExecutive, in the course of rendering services to the Company under and pursuant to this Agreement relating to the Restricted Business (hereinafter "Work Product") shall be the sole and exclusive property of the Company or its nominee. All such Work Product shall be considered a "work for hire" and the Executive hereby sells assigns, transfers and conveys all of his right, title and interest therein to the Company, and during the term of his Executive's employment and thereafter, whenever requested to do so by the Company, Employee Executive shall execute and assign any and all applications, assignments and other instruments which the Company shall deem necessary or convenient in order to apply for and obtain Letters Patent or Copyright Registration of the United States and/or of any foreign countries for such Inventions and/or Work Product and in order to assign and convey to the Company or its nominee the sole and exclusive right, title and interest in and to such inventionsInventions and/or Work Product, and Employee Executive will render reasonable aid and assistance in any interference or litigation pertaining thereto, all expenses reasonably incurred by Employee Executive at the request of the Company to be borne by the Company, provided such aid assistance does not unreasonably interfere with Employee’s then current employment. In this connection, as to work which requires Employee’s Executive's time after termination of his employmentthis Agreement, Employee Executive shall be entitled to compensation for the time requested by the Company at an hourly rate equal to the pro rata hourly rate at which Employee Executive is being paid for a normal pay monthly period immediately prior to the request for services. All Inventions and Work Product resulting from Employee’s employment by Executive's services to the Company shall be considered "work for hire" for purposes of the United States copyright lawslaws and other intellectual property laws and all rights therein shall be the exclusive property of the Company.

Appears in 1 contract

Samples: Employment Agreement (Navarre Corp /Mn/)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!