Common use of Property Belonging to Company Clause in Contracts

Property Belonging to Company. The Consultant agrees that all developments, ideas, devices, improvements, discoveries, apparatus, practices, processes, methods, concepts and products (collectively the “Inventions”) developed by the Consultant from and after the Service Commencement Date until the end of the Term are the exclusive property of the Company and shall belong to the Company. The Consultant agrees to assign the Inventions to the Company, provided, however, notwithstanding the foregoing, the Consultant shall not be required to assign his rights in any invention which the Consultant developed entirely on his own time without using the Company’s equipment, supplies, facilities or trade secret information except for those inventions that either: (i) Relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or development of the Company; or (ii) Result from any work performed by the Consultant for the Company. The Consultant understands that he bears the full burden of proving to the Company that an invention qualifies fully under this section 4.1.

Appears in 2 contracts

Samples: Consulting Agreement (Sionix Corp), Consulting Agreement (Sionix Corp)

AutoNDA by SimpleDocs

Property Belonging to Company. The Consultant agrees that all developments, ideas, devices, improvements, discoveries, apparatus, practices, processes, methods, concepts and products (collectively the “Inventions”) developed by the Consultant from and after during the Service Commencement Date until the end term of the Term this Agreement are the exclusive property of the Company and shall belong to the Company. The Consultant agrees to assign the Inventions to the Company, provided, however, notwithstanding the foregoing, the The Consultant shall not be required to assign his its rights in any invention which the Consultant developed entirely on his the Consultant’s own time without using the Company’s equipment, supplies, facilities or trade secret information except for those inventions that either: either (i) Relate relate at the time of conception or reduction to practice of the invention to the Company’s business, or actual or demonstrably anticipated research or of development of the Company; or Company or (ii) Result result from any work performed by the Consultant for the Company. The Consultant understands that he the Consultant bears the full burden of proving to the Company that an any invention qualifies fully under this section 4.1paragraph 8.

Appears in 1 contract

Samples: Consulting Agreement (Biolargo, Inc.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!