Common use of Ownership of New Inventions Clause in Contracts

Ownership of New Inventions. The Executive agrees that all Inventions: (1) that are developed using the Company’s equipment, supplies, facilities, or trade secret information; or (2) that relate to the Company’s business or actual or demonstrably anticipated research or development; or (3) that result from any work performed by the Executive for the Company will be the sole and exclusive property of the Company.

Ownership of New Inventions. The Executive Employee agrees that all Inventions: (1) that are developed using the Company’s equipment, supplies, facilities, or trade secret information; orand/or (2) that relate to the Company’s business or actual or demonstrably anticipated research or development; orand/or (3) that result from any work performed by the Executive Employee for the Company will be the sole and exclusive property of the Company.