Common use of Patent and Related Matters; Disclosure and Assignment Clause in Contracts

Patent and Related Matters; Disclosure and Assignment. The Employee will promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, device, design, apparatus, practice, process, method or product, whether patentable or not, made, developed, perfected, devised, conceived or first reduced to practice by the Employee, either solely or in collaboration with others, during the term of this Agreement, whether or not during regular working hours, relating either directly or significantly and indirectly to the business, products, practices or techniques of the Company ("Developments"). The Employee, to the extent that Employee has the legal right to do so, hereby acknowledges that any and all of the Developments are the property of the Company and agrees to assign and hereby assigns to the Company any and all of the Employee's right, title and interest in and to any and all of the Developments ("Assignment"). During the period commencing upon the day after the Employee's last day performing services for the Company and ending one year after termination of the Employee's engagement with the Company, at the reasonable request of the Company, the Employee will confer with the Company and its representatives for the purpose of disclosing all Developments to the Company, provided that such conference is at the Company's expense and Employee is compensated at no less that a rate of $250 per hour for Employee's time.