Assignment of Business Ideas Clause Samples
The Assignment of Business Ideas clause establishes that any business concepts, inventions, or intellectual property developed by a party—typically during the course of their engagement or employment—must be transferred to the company or another specified entity. This clause often applies to employees, contractors, or collaborators who may generate new products, processes, or strategies while working with the organization. Its core function is to ensure that the company retains ownership and control over innovations created within its operations, thereby preventing disputes over intellectual property rights and safeguarding the company’s competitive advantage.
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Assignment of Business Ideas. Employee shall immediately disclose to the Company a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which Employee currently holds an interest. The Company will own, and Employee hereby assigns to the Company, all rights in all Business Ideas, as defined in Section 6.2, below. All Business Ideas which are or form the basis for copyrightable works shall be considered “works for hire” as that term is defined by United States Copyright Law. Any works that are not found to be “works for hire” are hereby assigned to the Company. While employed by the Company and for one (1) year thereafter, Employee will promptly disclose all Business Ideas to the Company and execute all documents which the Company may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout the world. After Employee’s employment with the Company terminates, for whatever reason, Employee will cooperate with the Company to assist the Company in perfecting its rights to any Business Ideas including executing all documents which the Company may reasonably require.
Assignment of Business Ideas. Executive shall immediately disclose to the Company a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which Executive currently holds an interest. The Company will own, and Executive hereby assigns to the Company, all rights in all Business Ideas. All Business Ideas which are or form the basis for copyrightable works shall be considered “works for hire” as that term is defined by United States Copyright Law. Any works that are not found to be “works for hire” are hereby assigned to the Company. While employed by the Company and for one (1) year thereafter, Executive will promptly disclose all Business Ideas to the Company and execute all documents which the Company may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout the world. After Executive’s employment with the Company terminates, for whatever reason, Executive will cooperate with the Company to assist the Company in perfecting its rights to any Business Ideas including executing all documents which the Company may reasonably require. For purposes of this Article VI, the term “Company” means Kohl’s Department Stores, Inc. and its parent companies, subsidiaries and other affiliates.
Assignment of Business Ideas. Employee shall immediately disclose to the Company a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which Employee currently holds an interest. The Company will own, and Employee hereby assigns to the Company, all rights in all Business Ideas, as defined in Section 6.2, below. All Business Ideas which are or form the basis for copyrightable works shall be considered “works for hire” as that term is defined by United States Copyright Law. Any works that are not found to be “works for hire” are hereby assigned to the Company. While employed by the Company and for one (1) year thereafter, Employee will promptly disclose all Business Ideas to the Company and execute all documents which the Company may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout the world. After Employee’s employment with the Company terminates, for whatever reason, Employee will cooperate with the Company to assist the Company in perfecting its rights to any Business Ideas including executing all documents which the Company may reasonably require. While Employee resides or works in California, the Parties acknowledge and agree that the obligations of this Section 6.1 do not apply to any invention which qualifies as a non-assignable invention under Section 2870 of the California Labor Code. Employee hereby represents that Employee has received and reviewed the notification attached hereto and incorporated herein as Exhibit A (“Limited Exclusion Notification”). For purposes of this Article VI, the term “Company” means Kohl’s, Inc. and its parent companies, subsidiaries and other affiliates.
Assignment of Business Ideas. The Participant acknowledges that the Corporation owns all rights in all Business Ideas (as defined below). During the term of the Participant’s employment with the Corporation or any Affiliate and at any time following the termination of employment, the Participant assigns and agrees to assign to the Corporation all Business Ideas. The Participant shall promptly execute all documents which the Corporation may reasonably require to perfect, maintain and protect its patent, copyright, trade secret, trademark and any and all other rights to such Business Ideas throughout the world, and shall provide other reasonable assistance and cooperation as may be necessary for the Corporation to investigate, perfect, maintain and protect those rights, including assistance and cooperation with litigation relating to any Business Ideas. Even after the Participant's employment with the Corporation or any Affiliate terminates, the Participant will continue to make him-/herself reasonably available to assist the Corporation with its efforts to investigate, perfect, maintain and protect rights in any Business Ideas, including assistance with litigation relating to any Business Ideas. “Business Ideas” as used in this Award Agreement means all ideas, concepts, innovations, inventions, strategy, data, developments, and works of authorship, whether or not patentable, both technical and business, which the Participant originates, conceives or develops, either alone or in conjunction with others, at any time during the Participant's employment with the Corporation or any Affiliate, except those which satisfy all three of the following criteria: i) unrelated to the Corporation's business; ii) not originated, conceived or developed during the Participant's working hours; and iii) not originated, conceived or developed by use of any Corporation property such as tools, supplies, equipment, materials, facilities or other Corporation employees. Any idea, concept, innovation, invention, strategy, data, development or work of authorship that the Participant originates, conceives or develops at any time within six (6) months after the Participant's employment with the Corporation or any Affiliate terminates (for any reason) will be presumed to be a Business Idea unless the Participant can prove otherwise by clear and convincing evidence.
Assignment of Business Ideas. ▇▇▇▇▇▇▇ shall immediately disclose to Kohl’s a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which ▇▇▇▇▇▇▇ currently holds an interest. Kohl’s will own, and ▇▇▇▇▇▇▇ hereby assigns to Kohl’s, all rights in all Business Ideas (as defined in Section 4.2, below). All Business Ideas which are or form the basis for copyrightable works shall be considered “works for hire” as that term is defined by United States copyright law. Any works that are not found to be “works for hire” are hereby assigned to Kohl’s. During the Transition Period and for one (1) year thereafter, ▇▇▇▇▇▇▇ will promptly disclose all Business Ideas to Kohl’s and execute all documents which Kohl’s may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout
Assignment of Business Ideas. Employee shall immediately disclose to the Bank a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which Employee currently holds an interest. The Bank will own, and Employee hereby assigns to the Bank, all rights in all Business Ideas. All Business Ideas which are or form the basis for copyrightable works shall be considered "works for hire" as that term is defined by United States copyright law. Any works that are not found to be "works for hire" are hereby assigned to the Bank. While employed by the Bank and for one (1) year thereafter, Employee will promptly disclose all Business Ideas to the Bank and execute all documents which the Bank may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout the world. After Employee's employment with the Bank terminates, for whatever reason, Employee will cooperate with the Bank to assist the Bank in perfecting its rights to any Business Ideas including executing all documents which the Bank may reasonably require.
Assignment of Business Ideas. (a) The Company shall own all rights in all Business Ideas. Therefore, I hereby assign and agree to assign to the Company all Business Ideas. I shall promptly execute all documents which the Company may reasonably require to perfect, maintain and protect its patent, copyright and other rights to such Business Ideas throughout the world, and shall provide other reasonable assistance and cooperation as may be necessary for the Company to investigate, perfect, maintain and protect those rights, including assistance and cooperation with litigation relating to any Business Ideas.
(b) Even after my employment terminates, I agree to promptly assign, and hereby assign, to the Company all rights I may have in Business Ideas, and shall promptly execute all documents which the Company may reasonably require to investigate, perfect, maintain and protect its patent and other rights to such information throughout the world. Even after my employment terminates, I will continue to make myself reasonably available to assist the Company with its efforts to investigate, perfect, maintain and protect rights in any Business Ideas, including assistance with litigation relating to any Business Ideas.
Assignment of Business Ideas a. Company shall own all rights in all Business Ideas. Therefore, Consultant hereby assigns and agrees to assign to Company all Business Ideas. Consultant shall promptly execute all documents which Company may reasonably require to perfect, maintain, and protect its patent, copyright, and other rights to such Business Ideas throughout the world, and shall provide other reasonable assistance and cooperation as may be necessary for Company to investigate, perfect, maintain, and protect those rights, including assistance and cooperation with litigation relating to any Business Ideas.
b. Even after the expiration of the Consulting Term, Consultant agrees to promptly assign, and hereby assigns, to Company all rights Consultant may have in Business Ideas, and shall promptly execute all documents which Company may reasonably require to investigate, perfect, maintain, and protect its patent, copyright, and other rights to such information throughout the world. Even after the expiration of the Consulting Term, Consultant will continue to make himself reasonably available to assist Company with its efforts to investigate, perfect, maintain, and protect rights in any Business Ideas, including assistance with litigation relating to any Business Ideas. Company shall compensate Consultant for the services performed pursuant to this Section 11(b) at the hourly rate set forth in Section 9(c) and will pay the reasonable pre-approved documented out-of-pocket expenses that Consultant may incur for travel required by Company with respect to those activities.
Assignment of Business Ideas. You shall immediately disclose to the Company a list of all inventions, patents, applications for patent, copyrights, and applications for copyright in which You currently hold an interest. The Company will own, and You hereby assign to the Company, all rights in all Business Ideas, as defined in Section 6.2, below. All Business Ideas which are or form the basis for copyrightable works shall be considered “works for hire” as that term is defined by United States Copyright Law. Any works that are not found to be “works for hire” are hereby assigned to the Company. While employed by the Company, You will promptly disclose all Business Ideas to the Company and execute all documents which the Company may reasonably require to perfect its patent, copyright and other rights to such Business Ideas throughout the world. After Your employment with the Company terminates, for whatever reason, You will cooperate with the Company to assist the Company in perfecting its rights to any Business Ideas including executing all documents which the Company may reasonably require. For purposes of this Section 7, the term “Company” includes Beneficient, a Nevada corporation, its subsidiaries and other affiliates.
Assignment of Business Ideas. Simultaneously with the execution hereof, Executive shall execute and deliver to the Company a Business Ideas Agreement in the form attached as Exhibit C hereto, the terms of which are hereby incorporated by reference.