Common use of Patent and Related Matters Clause in Contracts

Patent and Related Matters. (a) The Executive agrees to promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, device, design, process, or product made, developed, perfected, devised, conceived, or first reduced to practice by the Executive, either solely or in collaboration with others, during the Executive’s term of employment by the Company, or within six months thereafter, relating to the business, products, practices, or techniques of the Company (hereinafter referred to as “Developments”). The Executive, to the extent that the Executive has the legal right to do so, hereby acknowledges that any and all of said Developments are the property of the Company and hereby assigns and agrees to assign to the Company any and all of the Executive’s right, title, and interest in and to any and all of such Developments. (b) The provisions of this Section 14 shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s own time; and (ii) such Development was made without the use of any Company equipment, supplies, facilities, or trade secret information; and such Development does not relate at the time of conception or reduction to practice to (i) to the business of the Company, or (ii) to the Company’s actual or demonstrably anticipated research or development; and (iii) such Development does not result from any work performed by the Executive for the Company. (c) Upon request and without further compensation therefor, but at no expense to the Executive, and whether during the term of the Executive’s employment by the Company or thereafter, the Executive will do all lawful acts, including, but not limited to, the execution of papers and the giving of testimony, that in the opinion of the Company, its successors, or assigns, may be necessary or desirable in obtaining, sustaining, reissuing, extending, or enforcing Letters Patent, and for perfecting, affirming, and recording the Company’s complete ownership and title thereto, and to cooperate otherwise in all proceedings and matters relating thereto.

Appears in 2 contracts

Samples: Employment Agreement (MCF Corp), Employment Agreement (MCF Corp)

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Patent and Related Matters. (a) The Executive agrees to 4.2.1 Employee will promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, idea, device, design, apparatus, practice, process, method or product product, whether patentable or not, and including those which may be subject to copyright protection, made, developed, perfected, devised, conceived, conceived or first reduced to practice by the ExecutiveEmployee, either solely or in collaboration with others, during the Executive’s term of employment by the Companyhis employment, whether or within six months thereafter, relating to the business, products, practices, or techniques of the Company not during regular working hours (hereinafter collectively referred to as “Developments”the "Inventions"). The ExecutiveEmployee, to the extent that the Executive he has the legal right to do so, hereby acknowledges that any and all of said Developments the Inventions are the property of the Company and hereby assigns and agrees to assign to the Company any and all of the Executive’s Employee's right, title, title and interest in and to any and all of such Developmentsthe Inventions. (b) The provisions of this Section 14 shall 4.2.2 It is further agreed and Employee is hereby notified that the above agreement to assign the Inventions to the Company does not apply to any Development meeting an Invention for which no equipment, supplies, facility or confidential information of the following conditions:Company was used and which was developed entirely on Employee's own time, and (i) such Development was developed entirely on the Executive’s own time; and (ii) such Development was made without the use of any Company equipment, supplies, facilities, or trade secret information; and such Development which does not relate at the time of conception or reduction to practice to (ia) directly to the business of the Company, Company or (iib) to the Company’s 's actual or demonstrably anticipated research or and development; and, or (iiiii) such Development which does not result from any work performed by the Executive Employee for the Company. (c) 4.2.3 Upon request and without further compensation therefor, but at no expense to the ExecutiveEmployee, and whether during the term of the Executive’s employment by the Company Employment Period or thereafter, the Executive Employee will do all lawful acts, including, but not limited to, the execution of papers documents and instruments and the giving of testimony, that in the opinion of the Company, its successors, or successors and assigns, may be necessary or desirable in obtaining, sustaining, reissuing, extending, extending or enforcing United States and foreign copyrights and Letters Patent, including, but not limited to, design patents, on any and all of the Inventions, and for perfecting, affirming, affirming and recording the Company’s 's complete ownership and title thereto, and to cooperate otherwise in all proceedings and matters relating thereto. 4.2.4 Employee will keep complete, accurate and authentic accounts, notes, data and records of all the Inventions in the manner and form requested by the Company. Such accounts, notes, data and records shall be the property of the Company, and upon its request, Employee will promptly surrender the same to it. Upon the termination of the Employment Period, Employee agrees to deliver promptly to the Company all records, manuals, books, blank forms, documents, letters, memoranda, notes, notebooks, reports, data, tables, accounts, calculations and copies thereof, which are the property of the Company or which relate in any way to the business, products, practices or techniques of the Company, and all other property, trade secrets and confidential information of the Company, including, but not limited to, all documents which in whole or in part contain any trade secrets or confidential information of the Company, which in any of these cases are in his possession or under his control.

Appears in 1 contract

Samples: Employment Agreement (Cantel Medical Corp)

Patent and Related Matters. (a) The Executive agrees to promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, device, design, process, or product made, developed, perfected, devised, conceived, or first reduced to practice by the Executive, either solely or in collaboration with others, during the Executive’s term of employment by the Company, or within six months thereafter, relating to the business, products, practices, or techniques of the Company (hereinafter referred to as “Developments”). The Executive, to the extent that the Executive has the legal right to do so, hereby acknowledges that any and all of said Developments are the property of the Company and hereby assigns and agrees to assign to the Company any and all of the Executive’s right, title, and interest in and to any and all of such Developments. (b) The provisions of this Section 14 shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s own time; and (ii) such Development was made without the use of any Company equipment, supplies, facilities, or trade secret information; and such Development does not relate at the time of conception or reduction to practice to (i) to the business of the Company, or (ii) to the Company’s actual or demonstrably anticipated research or development; and (iii) such Development does not result from any work performed by the Executive for the Company. (c) Upon request and without further compensation therefor, but at no expense to the Executive, and whether during the term of the Executive’s employment by the Company or thereafter, the Executive will do all lawful acts, including, but not limited to, the execution of papers and the giving of testimony, that in the opinion of the Company, its successors, or assigns, may be necessary or desirable in obtaining, sustaining, reissuing, extending, or enforcing Letters Patent, and for perfecting, affirming, and recording the Company’s complete ownership and title thereto, and to cooperate otherwise in all proceedings and matters relating thereto.

Appears in 1 contract

Samples: Employment Agreement (MCF Corp)

Patent and Related Matters. (a) The Executive agrees to promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, device, design, process, or product made, developed, perfected, devised, conceived, or first reduced to practice by the Executive, either solely or in collaboration with others, during the Executive’s 's term of employment by the Company, or within six months thereafter, relating to the business, products, practices, or techniques of the Company (hereinafter referred to as "Developments"). The Executive, to the extent that the Executive has the legal right to do so, hereby acknowledges that any and all of said Developments are the property of the Company and hereby assigns and agrees to assign to the Company any and all of the Executive’s 's right, title, and interest in and to any and all of such Developments. (b) The provisions of this Section 14 shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s 's own time; and (ii) such Development was made without the use of any Company equipment, supplies, facilities, or trade secret information; and such Development does not relate at the time of conception or reduction to practice to (i) to the business of the Company, or (ii) to the Company’s 's actual or demonstrably anticipated research or development; and (iii) such Development does not result from any work performed by the Executive for the Company. (c) Upon request and without further compensation therefortherefore, but at no expense to the Executive, and whether during the term of the Executive’s 's employment by the Company or thereafter, the Executive will do all lawful acts, including, but not limited to, the execution of papers and the giving of testimony, that in the opinion of the Company, its successors, or assigns, may be necessary or desirable in obtaining, sustaining, reissuing, extending, or enforcing Letters Patent, and for perfecting, affirming, and recording the Company’s 's complete ownership and title thereto, and to cooperate otherwise in all proceedings and matters relating thereto.

Appears in 1 contract

Samples: Employment Agreement (Ratexchange Corp)

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Patent and Related Matters. (a) The Executive agrees to promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, device, design, process, or product made, developed, perfected, devised, conceived, or first reduced to practice by the Executive, either solely or in collaboration with others, during the Executive’s 's term of employment by the Company, or within six months thereafter, relating to the business, products, practices, or techniques of the Company (hereinafter referred to as "Developments"). The Executive, to the extent that the Executive has the legal right to do so, hereby acknowledges that any and all of said Developments are the property of the Company and hereby assigns and agrees to assign to the Company any and all of the Executive’s 's right, title, and interest in and to any and all of such Developments. (b) The provisions of this Section 14 shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s 's own time; and (ii) such Development was made without the use of any Company equipment, supplies, facilities, or trade secret information; and such Development does not relate at the time of conception or reduction to practice to (i) to the business of the Company, or (ii) to the Company’s 's actual or demonstrably anticipated research or development; and (iii) such Development does not result from any work performed by the Executive for the Company. (cb) Upon request and without further compensation therefortherefore, but at no expense to the Executive, and whether during the term of the Executive’s 's employment by the Company or thereafter, the Executive will do all lawful acts, including, but not limited to, the execution of papers and the giving of testimony, that in the opinion of the Company, its successors, or assigns, may be necessary or desirable in obtaining, sustaining, reissuing, extending, or enforcing Letters Patent, and for perfecting, affirming, and recording the Company’s 's complete ownership and title thereto, and to cooperate otherwise in all proceedings and matters relating thereto.

Appears in 1 contract

Samples: Employment Agreement (Ratexchange Corp)

Patent and Related Matters. (a) The Executive agrees to promptly disclose in writing to the Company complete information concerning each and every invention, discovery, improvement, device, design, process, or product made, developed, perfected, devised, conceived, or first reduced to practice by the Executive, either solely or in collaboration with others, during the Executive’s 's term of employment by the Company, or within six months thereafter, relating to the business, products, practices, or techniques of the Company (hereinafter referred to as "Developments"). The Executive, to the extent that the Executive has the legal right to do so, hereby acknowledges that any and all of said Developments are the property of the Company and hereby assigns and agrees to assign to the Company any and all of the Executive’s 's right, title, and interest in and to any and all of such Developments. (b) The provisions of this Section 14 shall not apply to any Development meeting the following conditions: (i) such Development was developed entirely on the Executive’s 's own time; and (ii) such Development was made without the use of any Company equipment, supplies, facilities, or trade secret information; and such Development does not relate at the time of conception or reduction to practice to (i) to the business of the Company, or (ii) to the Company’s 's actual or demonstrably anticipated research or development; and (iii) such Development does not result from any work performed by the Executive for the Company. (c) Upon request and without further compensation therefor, but at no expense to the Executive, and whether during the term of the Executive’s 's employment by the Company or thereafter, the Executive will do all lawful acts, including, but not limited to, the execution of papers and the giving of testimony, that in the opinion of the Company, its successors, or assigns, may be necessary or desirable in obtaining, sustaining, reissuing, extending, or enforcing Letters Patent, and for perfecting, affirming, and recording the Company’s 's complete ownership and title thereto, and to cooperate otherwise in all proceedings and matters relating thereto.

Appears in 1 contract

Samples: Employment Agreement (Ratexchange Corp)

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