Common use of Patents, Inventions and Other Intellectual Property Clause in Contracts

Patents, Inventions and Other Intellectual Property. (a) If at any time during the Employment Period or prior thereto at any time that Employee was an employee, agent, director or officer of or consultant to the Company, Teavana, or their Affiliates, Employee, whether alone or with any other Person, makes, discovers, produces, conceives or first reduces to practice any invention, process, development, design or improvement that relates to, affects or, in the opinion of the Board, is capable of being used or adapted for use in or in connection with the Business or any product, process or intellectual property right of the Company, Teavana, or their Affiliates, (i) Employee acknowledges and agrees that such invention, process, development, design or improvement (collectively, “Company IP”) will be the sole property of the Company, Teavana, or such Affiliate, as appropriate and are hereby irrevocably assigned by Employee to the Company, Teavana, or such Affiliate, as appropriate, and (ii) Employee will immediately disclose in confidence all Company IP to the Company in writing.

Patents, Inventions and Other Intellectual Property. (a) If at any time during the Employment Period or prior thereto at any time that Employee was an employee, agent, director or officer of or consultant to the Company, Teavana, Corporation or their Affiliatesits Subsidiaries, Employee, whether alone or with any other Person, makes, discovers, produces, conceives or first reduces to practice any invention, process, development, design or improvement that relates to, affects affects, or, in the opinion of the Board, is capable of being used or adapted for use in or in connection with the Business or any product, process or intellectual property right of the Company, Teavana, Corporation or their Affiliatesits Subsidiaries, (i) Employee acknowledges and agrees that such invention, process, development, design or improvement (collectively, “Company Corporation IP”) will be the sole property of the Company, Teavana, Corporation or such AffiliateSubsidiaries, as appropriate appropriate, and are is hereby irrevocably assigned by Employee to the Company, Teavana, Corporation or such AffiliateSubsidiaries, as appropriate, and (ii) Employee will immediately disclose in confidence all Company Corporation IP to the Company Corporation in writing.