Secret Processes Sample Clauses

Secret Processes a) Licenser hereby grants to Licensee the exclusive and perpetual right to manufacture and use the Licensed Processes within a Licensed Area. The Licensed Processes shall be transferred to the Licensee as soon as possible after the date of this agreement; such transfer to be completed not later than ninety (90) days from the date of this agreement, in the form of reports, drawings, designs, specification, blueprints and written descriptions of manufacturing processes which will be delivered to Licensee. b) By such grant, Licensee agrees not to disclose the Licensed Processes to any one else for any use whatsoever. By such grant, Licenser shall have the exclusive right to prevent the unauthorized use of the Licensed Processes and the unauthorized use and sale of the Licensed Processes in any Licensed Area. c) Licenser shall furnish in good faith the data and other material sufficient to transfer the Licensed Processes covered by this agreement. Licenser warrants that the processes, formulae, technical data and know how will be sufficient and suitable for the production of the equipment to a quality comparable to the quality now produced by the Licenser, provided that Licensee at all times conforms strictly with the processes, formulae, technical data and 'know how' transferred to it by Licenser and provided that Licensee at all times installs and uses the Equipment required and purchases and uses the raw materials the standard of quality required. d) The rights and license herein granted shall include the right to grant sub-licenses thereunder with minimum covenants and restrictions defined herein. e) Nothing contained in this paragraph shall be construed to grant to Licensee any right to use the Licensed Processes or to use or sell the Licensed Processes outside any Licensed Area. f) Licenser agrees to disclose to Licensee all developments or improvements of the Licensed Processes that Licenser may develop or acquire during the term of this agreement. Licensee agrees to disclose to Licenser all technical data and information relating to any and all developments or improvements of the Licensed Processes that Licensee may develop or acquire during the term of this agreement.

Secret Processes. (a) If at any time or times during the Employment Period, the Executive (either alone or with others) makes, conceives, discovers or reduces to practice any invention, modification, discovery, design, development, improvement, process, software program, work of authorship, documentation, formula, data, technique, know-how, secret or intellectual property right whatsoever or any interest therein (whether or not patentable or registrable under copyright or similar statutes or subject to analogous protection) (the "Developments") that (i) relates to the business of the Company or any customer of or supplier to the Company or any of the products or services being developed, manufactured or sold by the Company or which may be used in relation therewith, (ii) results from tasks assigned to the Executive by the Company or (iii) results from the use of premises or personal property (whether tangible or intangible) owned, leased or contracted for by the Company when used for Company purposes and not for incidental personal purposes, such Developments and any benefits thereof shall immediately become the sole and absolute property of the Company and its assigns, and the Executive shall promptly disclose to the Company (or any persons designated by it) each such Development or benefit and hereby assigns any rights the Executive may have or acquire in the Developments and related benefits and/or rights resulting therefrom to the Company and its assigns without further compensation and shall communicate, without cost or delay, and without publishing the same, all available information relating thereto (with all necessary plans and models) to the Company. Upon disclosure of each Development to the Company, the Executive will, during the Employment Period and at any time thereafter, at the request and cost of the Company, sign, execute, make and do all such deeds, documents, acts and things as the Company and duly authorized agents may reasonably require:

Secret Processes. The Executive will not divulge, furnish or make accessible to any one (otherwise than in the regular course of the business of the Company or any of its subsidiaries) any knowledge or information with respect to confidential or secret processes, formula, machinery, plans, devices or material of the Company or any of its subsidiaries, with respect to any confidential or secret process, formulas, development or research work of the Company or any of its subsidiaries, or with respect to any other confidential or secret aspect of the business of the Company of any of its subsidiaries.

Secret Processes. The Executive will not divulge, furnish or make accessible to anyone (otherwise than in the regular course of the business of the Company or any of its subsidiaries) any knowledge or information with respect to confidential or secret processes, formulas, machinery, plans, devices or material of the Company or any of its subsidiaries, with respect to any confidential or secret engineering, development or research work of the Company or any of its subsidiaries, or with respect to any other confidential or secret aspect of the business of the Company or any of its subsidiaries. The Executive expressly agrees that upon a breach or violation of the foregoing provisions of this Section 10, the Company, in addition to all other remedies, shall be entitled, as a matter of right, to injunctive relief in any court of competent jurisdiction.

Secret Processes. 6.1 The Executive will not divulge, furnish or make accessible to any one otherwise than in the regular course of the business of the Company or any of its subsidiaries) any knowledge or information with respect to confidential or secret processes, formula, machinery, plans, devices or material of the Company or any of its subsidiaries, with respect to any confidential or secret engineering, development or research work of the Company or any of its subsidiaries, or with respect to any other confidential or secret aspect of the business of the Company or any of its subsidiaries. ARTICLE SEVEN - DEATH --------------------- 7.1 In the event of the death of the Executive, the Company shall pay to his surviving spouse or to his Estate in the event he has no surviving spouse, an amount equal to one (1) year compensation calculated on the basis of the compensation payable to the Executive under this Agreement at the date of nis death. Such payments shall be made in equal monthly installments over a period of two (2) years from the date of the death of the Executive, if the Executive's spouse survives him but dies before all of the aforementioned monthly payments have been made, then the balance of such payments shall be paid to the Executive's estate in a lumps sum.