Company Improvements Clause Samples
The "Company Improvements" clause defines how enhancements, modifications, or developments made to a company's products, services, or intellectual property are handled during the course of an agreement. Typically, this clause clarifies ownership rights to any improvements created by employees, contractors, or partners, and may specify whether such improvements automatically belong to the company or require formal assignment. Its core function is to ensure that any advancements or refinements generated in connection with the company's business remain the property of the company, thereby protecting its competitive advantage and intellectual property portfolio.
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Company Improvements. Except for routine maintenance on installed equipment, an Authority Tenant Work Permit is required any time Company performs or hires an outside contractor to perform any construction on or modification or alterations to the Premises. Company will make no improvements or alterations whatsoever to the Common Use Areas. Company will make no improvements or alterations whatsoever to the Premises without the prior written approval of Authority under the Tenant Work Permit, which consent will not be unreasonably withheld or delayed. Within thirty (30) days after receipt by Authority of Company’s plans and specifications, Authority will inform Company that the plans are either approved as submitted, approved subject to certain stated conditions and changes, or not approved.
Company Improvements. Except for routine maintenance on installed equipment, an Authority Tenant Work Permit is required any time Company performs or hires an outside contractor to perform any construction on or modification or alterations to its Company Premises. The Company will make no improvements or alterations whatsoever to the common use areas. The Company will make no improvements or alterations whatsoever to its Company Premises without the prior written approval of Authority under the Tenant Work Permit, which consent will not be unreasonably withheld or delayed. Within thirty (30) days after receipt by Authority of Company’s plans and specifications for any construction on or modification or alterations to its Company Premises, Authority will inform Company that the plans are either approved as submitted, approved subject to certain stated conditions and changes, or not approved.
Company Improvements. In the event the Company independently develops, reduces to practice or conceives Company Intellectual Property, the Company shall own all such know-how, modifications or other proprietary technology. Nothing in this Agreement shall be deemed to grant to XOX or create an obligation on the Company's part to grant to XOX any right Company Intellectual Property, now existing or which may hereafter come into existence.
Company Improvements. 12 7.06 Confidentiality ................................................12
Company Improvements. During the Term, Company shall promptly inform Transferee in writing of any Improvement Controlled by Company, and any such Improvement, Company Improvement Patent Rights, and Company Improvement Know-How directly related to such Improvement in the Field and in the Territory shall then, if the Company has the right to do so, automatically be included within the Company IP and, if Company holds Company Improvement Patent Rights to the respective Improvement, Company shall take the action required by Section 2.2(c) below; otherwise, any Company Improvement Know- How Controlled by Company shall be Licensed IP under this Agreement. Such transfer of Company Improvement Patent Rights and Company Improvement Know How shall require no additional payments by Transferee (or any Permitted Transferee) to Company beyond the payments set forth in Article 6 and the reimbursement of Out-of-Pocket Expenses pursuant to Section 2.2, below, except as expressly applicable under the Sublicense Agreement or any other Third Party Agreement to which the Transferee acquires a sublicense pursuant to Section 2.1(f) below, as to which, in each case, the Transferee shall be fully responsible for the payment of all fees, costs and royalties required thereunder with respect to the sublicense of rights and/or sale of Covered Products in the Territory.
Company Improvements. Subject to Licensee’s rights under paragraph 2 (“License Grant”), the Company shall own the entire right, title and interest to all Improvements developed by it. However, the Company shall, during the term hereof, promptly disclose such Improvements to Licensee and upon the request of Licensee, shall enter into good faith negotiations with Licensee for a license to such Improvements which are developed after the Exercise Date.
Company Improvements. The Company, its Subsidiaries, or third parties operating on the Company’s or its Subsidiaries’ behalf, may, subject to Licensor’s approval, which approval shall be obtained consistent with the terms and conditions set forth in Section 6.5(b), make modifications or translations to adapt the Licensed IP for use in the Licensed Business, create intellectual property derived from the Licensed IP, or develop ideas, concepts, methods, techniques, products and services relating to the development and operation of the Licensed Business (collectively, “Company Improvements”). All Company Improvements shall constitute “Licensed IP” for purposes of this Agreement and shall be exclusively owned by Licensor. The Company and its Subsidiaries shall, and hereby do irrevocably, assign all rights in and to the Company Improvements to Licensor.
Company Improvements. As between the Parties, except as expressly licensed to TiVo hereunder and subject to TiVoII’s and TiVo’s retained ownership of the underlying Licensed Technology, and TiVo Improvements, Company shall own and retain all rights, title and interest in and to (a) the Company Improvements, (b) Company’s Additional Manufacturing Materials, (c) Company Confidential Information and (d) all IP Rights relating thereto.