Common use of Assignment of Invention Clause in Contracts

Assignment of Invention. 14.1 The Director represents that he is aware that his position and the tasks he is to perform require him to use his expertise to create inventions in the broadest sense of the word and to invent improvements for (but not restricted to) manufacturing processes, products, production processes, machines and equipment related to the materials, goods, products and production processes produced or used by the Company or a subsidiary or parent company or affiliate of one of the foregoing (hereinafter “Inventions”) and that the Director’s salary is based on his ability to create such inventions. Any Invention made at any time, both during and outside working hours, and for any purpose whatsoever shall be regarded as having been made by the Director for and on the Company’s behalf. 14.2 Insofar as necessary and insofar as the rights in an Invention are not assigned to the Company by operation of law, the Director hereby assigns to the Company in advance all the rights, including all non-patentable rights, in Inventions which he - acting either alone or jointly with others - may make at any given time (during or outside of working hours), or shall assign all such rights to the Company as soon as the right is created at the Company’s first request. 14.3 With respect to Inventions, the Director shall: a) regard all related information as confidential within the meaning of the confidentiality clause set out in this Employment Contract and shall act accordingly; b) keep complete and accurate records regarding the Inventions, such records being the property of the Company; c) sign all related patent applications and give the Company or its authorised representatives or advisers all such reasonable assistance as they may require in drafting such applications; d) co-operate when asked to assist in any formalities, including but not restricted to signing all deeds of assignment or other documents which the Company must complete to obtain a patent on an Invention in its own name, whereby the Director shall have the right to be named as the inventor in the relevant patent application; e) act as a witness in Invention-related procedures and proceedings; f) refrain from applying for patents on Inventions, even if the Company wishes to keep such Inventions secret or decides not to apply for a patent, regardless of its reasons. 14.4 If and insofar as the above-mentioned tasks are performed after the Director has left the Company’s service, the Company shall pay the Director a reasonable hourly fee for the time the latter spends performing these tasks at its request. 14.5 The provisions set out in this article shall not apply to the Inventions listed in the document attached to this Employment Contract and signed by the Director and the Company, these being Inventions created by the Director prior to his term of employment with the Company.

Appears in 2 contracts

Sources: Employment Contract (Movella Holdings Inc.), Employment Contract (Pathfinder Acquisition Corp)

Assignment of Invention. 14.1 The Director represents that he is aware that his 12.1 In the event the position and the tasks he is to perform of the Employee require him to use his expertise to create inventions in the broadest sense of the word and to invent improvements for (but not restricted to) manufacturing processes, products, production processes, machines and equipment related to the materials, goods, products and production processes produced or used by the Company or a subsidiary or parent company or affiliate of one of the foregoing (hereinafter “Inventions”) and that the DirectorEmployee’s salary is based on his ability to create such inventions. Any Inventions, any Invention made at any time, both during and outside working hours, and for any purpose whatsoever shall be regarded as having been made by the Director Employee for and on the Company’s behalf. 14.2 12.2 Insofar as necessary and insofar as the rights in an Invention are not assigned to the Company by operation of law, the Director Employee hereby assigns to the Company in advance all the rights, including all non-patentable rights, in Inventions which he - acting either alone or jointly with others - may make at any given time (during or outside of working hours), or shall assign all such rights to the Company as soon as the right is created at the Company’s first request. 14.3 12.3 With respect to Inventions, the Director Employee shall: a) regard all related information as confidential within the meaning of the confidentiality clause set out in this Employment Contract Agreement and shall act accordingly; b) keep complete and accurate records regarding the Inventions, such records being the property of the Company; c) sign all related patent applications and give the Company or its authorised representatives or advisers all such reasonable assistance as they may require in drafting such applications; d) co-operate when asked to assist in any formalities, including but not restricted to signing all deeds of assignment or other documents which the Company must complete to obtain a patent on an Invention in its own name, whereby the Director Employee shall have the right to be named as the inventor in the relevant patent application; e) act as a witness in Invention-related procedures and proceedings; f) refrain from applying for patents on Inventions, even if in the case where the Company wishes to keep such Inventions secret or decides not to apply for a patent, regardless of its reasons. 14.4 g) If and insofar as the above-mentioned tasks are performed after the Director Employee has left the Company’s service, the Company shall pay the Director Employee a reasonable hourly fee for the time the latter spends performing these tasks at its request. 14.5 The provisions set out in 12.4 For the purposes of this article Article 12 the Company shall not apply to include the Inventions listed in the document attached to this Employment Contract and signed by the Director and the Company, these being Inventions created by the Director prior to his term Liberty Global Europe Group of employment with the CompanyCompanies.

Appears in 1 contract

Sources: Employment Agreement (Liberty Global, Inc.)