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Common use of Presumption of Company Ownership Clause in Contracts

Presumption of Company Ownership. Without diminishing any rights granted to the Company in Sections 11(a) and 11(b), if an Invention is described in a patent application or is disclosed to third parties by the Employee within two (2) years after leaving the employ of the Company, or if a Creation is published or is disclosed to third parties by the Employee within two (2) years after leaving the employ of the Company, the Employee agrees that it is to be rebuttably presumed that the Invention or the Creation was conceived, made, developed, acquired, or created by the Employee during the period of employment of the Employee by the Company, and the Invention or Creation will belong the Company.

Appears in 5 contracts

Samples: Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc), Employment and Noncompetition Agreement (Hk Systems Inc)