Common use of Preservation of Business; Fiduciary Responsibility Clause in Contracts

Preservation of Business; Fiduciary Responsibility. 3.1. Executive shall use his best efforts to preserve the business and organization of Employer, to keep available to Employer the services of present employees and to preserve the business relations of Employer with suppliers, distributors, customers and others. So long as the Employer employs the Executive, Executive shall observe and fulfill proper standards of fiduciary responsibility attendant upon his service and office. 3.2. Executive shall at no time during or after the termination of his employment have or claim any right, title or interest in or to any patent, trade name, trademark, service xxxx, copyright, application therefor, designs, processes, mailing, client or circulation lists, character name, trade secret, or confidential information belonging to or used by Employer or any of its subsidiaries, it being the intention of this Agreement that Executive shall and hereby does recognize that Employer now has and shall thereafter have and retain the sole and exclusive right in any service marks, applications, copyrights, designs, processes, character names, lists, trade secrets, material and matter. Executive further hereby sells, conveys, assigns and delivers to Employer any and all of Executive's right, title and interest in and to any and all copyright registrations, patents, trademarks, trade names, service marks, applications with respect to the foregoing, trade secrets, know-how, and any other proprietary or trade rights, including without limitation, federal, state and common law rights therein and licenses with respect thereto, presently existing and associated with the business of Employer and its subsidiaries as it is currently conducted.