Product Ideas. The Executive will maintain current and adequate written records on the development of, and disclose to Company, all Product Ideas (as herein defined). “Product Ideas” shall mean all ideas, potential marketing and sales relationships, inventions, copyrightable expressions, research, plans for products or services, marketing plans, original works of authorship, know-how, trade secrets, information, data, developments, discoveries, improvements, modifications, technology and designs, whether or not eligible for patent or copyright protection, made, conceived, expressed, developed, or actually or constructively reduced to practice by the Executive solely or jointly with others during the Term.
Product Ideas. During the term of this Agreement, Distributor may itself provide or may pass on from others ideas, concepts or comments which result in new products or product improvements from Supplier. In the event that Supplier decides to use such idea, concept or comment, Supplier and Distributor will meet to discuss terms of use of such ideas, concepts or comments. If (a) the source of the idea, concept or comment, be it Distributor or other entity or person, has applied or applies for a patent in the Territory on a new product, product improvement or product feature resulting from the idea, concept or comment, and if (b) Distributor passes on such idea, concept or comment to Supplier and, as a result, Supplier develops and sells a new product, product improvement or product feature embodying such idea, concept or comment, and if (c) a patent issues in the Territory as a result of the application, and if (d) the new product, product improvement or product feature embodies the invention set forth in one or more valid claims of the issued patent, then Supplier will pay Distributor or other entity or person (which is the source of the item, concept or comment) a reasonable royalty and Distributor will grant to Supplier or cause such other entity or person to grant to Supplier a license or licenses to manufacture, distribute and sell anywhere in the world articles embodying the invention set forth in the valid claims of the issued patent. Notwithstanding the foregoing, if the invention cannot be exploited by Distributor independently of any of the Trademarks, then Distributor will grant to Supplier or cause such other entity or person to grant to Supplier an exclusive license or licenses to manufacture, distribute and sell anywhere in the world articles embodying the invention set forth in the valid claims of the issued patent.
Product Ideas. The Executive will disclose to the Company, during the Term, all Product Ideas of which the Executive becomes aware. "Product Ideas" shall mean all ideas, inventions, copyrightable expressions, research, plans for products or services, marketing plans, original works of authorship, know how, trade secrets, information, data, developments, discoveries, improvements, modifications, technology and designs, whether or not eligible for patent or copyright protection, which relate to the Business, made, conceived, expressed, developed, or actually or constructively reduced to practice by the Executive within the scope of Executive's employment solely or jointly with other Company employees or consultants retained by Company during the Term. Product Ideas shall not include any of the foregoing which are made, conceived, expressed, developed, or actually or constructively reduced to practice by Executive on his or her own time without using Company's equipment, supplies, facilities or trade secret information.
Product Ideas. The Executive will disclose to the Corporation all Product Ideas. “Product Ideas” shall mean all ideas, potential marketing and sales relationships, inventions, copyrightable expressions, research, plans for products or services, marketing plans, original works of authorship, know how, trade secrets, information, data, developments, discoveries, improvements, modifications, technology and designs, whether or not eligible for patent or copyright protection, which relate to the Business, made, conceived, expressed, developed, or actually or constructively reduced to practice by the Executive within the scope of Executive's employment solely or jointly with other Corporation employees or consultants retained by Corporation during the Term. Product Ideas shall not include any of the foregoing which are made, conceived, expressed, developed, or actually or constructively reduced to practice by Executive on his or her own time without using Corporation's equipment, supplies, facilities or trade secret information.
