Common use of Works and Inventions Clause in Contracts

Works and Inventions. The Executive acknowledges that all works, inventions, innovations, improvements, developments, methods, processes, programs, designs, analyses, drawings, reports, and all similar or related information (whether or not patentable) that relate to the actual or anticipated business, research and development of First Communications, or existing or future products or services and that are conceived, developed, contributed to, made, or reduced to practice by the Executive (either solely or jointly with others) while employed by the Parent, the Company or any of their affiliates ("Work Product") belong to the Parent, and the Executive hereby assigns, and agrees to assign, all of the above Work Product to the Parent. Any copyrightable work prepared in whole or in part by the Executive in the course of his work for any of the foregoing entities shall be deemed a "work made for hire" under the copyright laws, and the Parent shall own all rights therein. To the extent that any such copyrightable work is not a "work made for hire," the Executive hereby assigns and agrees to assign to the Parent all right, title, and interest, including without limitation, copyright in and to such copyrightable work. The Executive shall promptly disclose such Work Product and copyrightable work to the Board and perform all actions reasonably requested by the Board (whether during or after the Term) to establish and confirm the Parent's ownership (including, without limitation, assignments, consents, powers of attorney, and other instruments).

Appears in 3 contracts

Samples: Employment Agreement (Renaissance Acquisition Corp.), Employment Agreement (Renaissance Acquisition Corp.), Employment Agreement (Renaissance Acquisition Corp.)

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Works and Inventions. The Executive acknowledges that all works, inventions, innovations, improvements, developments, methods, processes, programs, designs, analyses, drawings, reports, and all similar or related information (whether or not patentable) that relate to the actual or anticipated business, research and development of First Communications, or existing or future products or services and that are conceived, developed, contributed to, made, or reduced to practice by the Executive (either solely or jointly with others) while employed by the Parent, the Company or any of their affiliates ("Work Product") belong to the ParentParent or the Company, and the Executive hereby assigns, and agrees to assign, all of the above Work Product to the Parent or the Company, as determined by the Parent. .. Any copyrightable work prepared in whole or in part by the Executive in the course of his work for any of the foregoing entities shall be deemed a "work made for hire" under the copyright laws, and the Parent or the Company shall own all rights therein. To the extent that any such copyrightable work is not a "work made for hire," ”, the Executive hereby assigns and agrees to assign to the Parent all right, title, and interest, including without limitation, copyright in and to such copyrightable work. The Executive shall promptly disclose such Work Product and copyrightable work to the Board and perform all actions reasonably requested by the Board (whether during or after the Term) to establish and confirm the Parent's ’s ownership (including, without limitation, assignments, consents, powers of attorney, and other instruments).

Appears in 1 contract

Samples: Employment Agreement (Renaissance Acquisition Corp.)

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