Common use of Property Rights Clause in Contracts

Property Rights. All discoveries, designs, improvements, ideas, inventions, intellectual property, creations, and works of art, whether or not patentable or subject to copyright, relating to the business of the Company or any of its subsidiaries, or its clients, conceived, developed or made by Executive during employment under this Agreement, either solely or jointly with others (hereafter “Developments”) shall automatically become the sole property of the Company. Executive shall immediately disclose to the Company all such Developments and shall, without additional compensation, execute all assignments, application or any other documents deemed necessary by the Company to perfect the Company’s rights therein. These obligations shall continue throughout the Restricted Period under this Agreement with respect to Developments conceived, developed or made by Executive during the period of employment under this Agreement. The Company acknowledges and agrees that the provisions of this section shall not apply to inventions or for which no equipment, supplies, facility or trade secret information of the Company or its clients were used by Executive and which were developed entirely on Executive’s own time unless (a) such inventions relate (i) to the business of the Company or (ii) to the Company’s actual or demonstrably anticipated research or development or (b) such inventions result from any work performed by Executive for the Company.

Appears in 11 contracts

Samples: Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc)

AutoNDA by SimpleDocs

Property Rights. All discoveries, designs, improvements, ideas, inventions, intellectual property, creations, and works of art, whether or not patentable or subject to copyright, relating to the business of the Company or any of its subsidiaries, or its clients, conceived, developed or made by Executive during employment under this Agreement, either solely or jointly with others (hereafter "Developments") shall automatically become the sole property of the Company. Executive shall immediately disclose to the Company all such Developments and shall, without additional compensation, execute all assignments, application or any other documents deemed necessary by the Company to perfect the Company’s 's rights therein. These obligations shall continue throughout the Restricted Period under this Agreement with respect to Developments conceived, developed or made by Executive during the period of employment under this Agreement. The Company acknowledges and agrees that the provisions of this section shall not apply to inventions or for which no equipment, supplies, facility or trade secret information of the Company or its clients were used by Executive and which were developed entirely on Executive’s 's own time unless (a) such inventions relate (i) to the business of the Company or (ii) to the Company’s 's actual or demonstrably anticipated research or development or (b) such inventions result from any work performed by Executive for the Company.

Appears in 4 contracts

Samples: Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning Inc), Employment Agreement (Plato Learning 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!