Common use of Confidentiality and Invention Assignments Clause in Contracts

Confidentiality and Invention Assignments. The Acquired Companies have maintained commercially reasonable practices to protect the confidentiality of the Acquired Companies’ confidential information and trade secrets. The Acquired Companies have a policy requiring all employees and other Persons with access to any of the Acquired Companies’ confidential information to execute enforceable Contracts requiring them to maintain the confidentiality of such information and use such information only for the benefit of the Acquired Companies. All current and former employees and contractors of the Acquired Companies who contributed to material Intellectual Property owned or purported to be owned by the Acquired Companies that is incorporated in any product or service of the Acquired Companies have executed enforceable Contracts that assign to one of the Acquired Companies all of such Person’s respective ownership rights in and to such contributions.