Common use of Work Product of the Employee Clause in Contracts

Work Product of the Employee. 7.1 The Employee has expended or will expend time and effort, and may have expended or may expend money, in the research and development relating to the Technology resulting in Work Product being created on behalf of the Employer. The Parties wish to acknowledge that any and all Work Product has been carried out on behalf of the Employer and all proprietary right, title, and interest in and to the Work Product and the Technology remains that of the Employer. 7.2 The Employee agrees that any Work Product created by the Employee in furtherance of any identifiable project carried out by the Employer either developed solely or jointly with any other Party will be the sole and exclusive property of the Employer. The Employer is and will be the sole owner of all copyrights, patents, and other intellectual property rights in the Work Product and the Technology. 7.3 The Employee hereby assigns to the Employer any rights the Employee may have or acquire in the Work Product, excepting any rights the Employee may obtain from the Employer in a separate written Agreement. At any and all times, either during or after Termination, the Employee will promptly, on the request of the Employer, perform all such acts and execute and deliver all such documents that may be necessary to vest in the Employer the entire right, title, and interest in and to any such Work Product. Should any such services be rendered after termination of employment with the Employer a reasonable compensation will be paid to the Employee by the Employer upon a per diem basis in addition to reasonable traveling and accommodation expenses incurred as a result of rendering such services. 7.4 If the Employee removes any Work Product from the Office, and makes modifications to the Work Product using either his own equipment or the Employer’s equipment, the Employee agrees that all modifications done to the Work Product are owned by the Employer.

Appears in 4 contracts

Samples: Employment Agreement (Innexus Biotechnology Inc), Employment Agreement (Innexus Biotechnology Inc), Employment Agreement (Innexus Biotechnology Inc)

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