Common use of Proprietary Developments Clause in Contracts

Proprietary Developments. (a) The Executive acknowledges that he has been an employee and officer of the Company and its predecessor during the development of the software and Intellectual Property, as defined herein, currently owned by the Company, and the Executive makes no claim to any right, title or interest (including patent rights, copyrights, trade secret rights, trademark rights, sui generic database rights, and all other intellectual property rights of any sort throughout the world), made or conceived or reduced to practice, in whole or in part, by Executive during such employment by the Company and its predecessors that relate to such Intellectual Property. Any and all inventions (whether or not patentable), products, discoveries, improvements, processes, methods, computer software programs, models, techniques, formulae, trade secrets, service marks, patent rights, copyrights, sui generis database rights, designs, designations, know-how, ideas, trademarks and works of authorship (collectively, hereinafter referred to as "Intellectual Property"), made, developed or created by the Executive (alone or in conjunction with others, during regular hours of work or otherwise) during the Executive's employment by the Company and its predecessors, which may be directly or indirectly useful in, or relate to, business conducted or to be conducted by the Company shall be the Company's exclusive property and will be promptly disclosed by the Executive to the Company. To the fullest extent permitted by law, such Intellectual Property shall be deemed works made for hire.

Proprietary Developments. (a) The Executive acknowledges that he she has been an employee and officer of the Company and its predecessor during the development of the software and Intellectual Property, as defined herein, currently owned by the Company, and the Executive makes no claim to any right, title or interest (including patent rights, copyrights, trade secret rights, trademark rights, sui generic database rights, and all other intellectual property rights of any sort throughout the world), made or conceived or reduced to practice, in whole or in part, by Executive during such employment by the Company and its predecessors that relate to such Intellectual Property. Any and all inventions (whether or not patentable), products, discoveries, improvements, processes, methods, computer software programs, models, techniques, formulae, trade secrets, service marks, patent rights, copyrights, sui generis database rights, designs, designations, know-how, ideas, trademarks and works of authorship (collectively, hereinafter referred to as "Intellectual Property"), made, developed or created by the Executive (alone or in conjunction with others, during regular hours of work or otherwise) during the Executive's employment by the Company and its predecessors, which may be directly or indirectly useful in, or relate to, business conducted or to be conducted by the Company shall be the Company's exclusive property and will be promptly disclosed by the Executive to the Company. To the fullest extent permitted by law, such Intellectual Property shall be deemed works made for hire.