Confidentiality; Invention Assignment Sample Clauses
The Confidentiality; Invention Assignment clause serves to protect a company's proprietary information and ensure that any inventions or intellectual property created by an employee during their employment are owned by the company. Typically, this clause requires employees to keep sensitive business information private and to promptly disclose and assign to the employer any inventions, discoveries, or works developed in the course of their job duties. By doing so, the clause safeguards the employer's competitive advantage and intellectual property rights, preventing unauthorized use or disclosure of confidential information and ensuring that valuable innovations remain with the company.
Confidentiality; Invention Assignment. Coincident with the execution of this Agreement, the Executive shall execute a new Confidentiality and Non-Disclosure Agreement (the “Consulting Confidentiality Agreement”) to cover the Consulting Period.
Confidentiality; Invention Assignment. You agree that you will remain bound by any previously executed standard Company agreement related to confidential information and assignment of inventions that is in addition to the provisions in the Employment Agreement (such additional agreement, the “Confidential Information Agreement”).
Confidentiality; Invention Assignment. Company shall own, and Consultant shall and hereby does assign to Company, all intellectual property and related rights throughout the world that arise in whole or part out of, or in connection with, the Services. Consultant agrees that all of the foregoing, and all other non-public business, technical and financial information Consultant obtains from the Company or learns in connection with the Services, including with respect to the Company’s Affiliates, constitutes “Proprietary Information.” Consultant will hold in confidence and not disclose or, except in performing the Services, use any Proprietary Information; provided, that Consultant shall not be so obligated with respect to information that (i) is or becomes readily publicly available without restriction through no fault of Consultant, or (ii) Consultant obtained from a third party not in violation of its confidentiality obligations. Upon termination or as otherwise requested by Company, Consultant will promptly return to the Company or certify the destruction (or permanent erasure) of all items and copies containing or embodying Proprietary Information. Notwithstanding the foregoing nondisclosure obligations, Consultant shall not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made: (1) in confidence to a federal, state, or local government official, either directly or indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law; or (2) in a complaint or other document filed in a lawsuit or other proceeding, if such filing is made under seal. Consultant agrees that the obligations imposed under this Section 10 are necessary and reasonable in order to protect the Company and the Proprietary Information, and that monetary damages would be inadequate to compensate the Company for any breach by Consultant of any covenants and agreements set forth in this Section 10. Accordingly, Consultant agrees that any such violation or threatened violation will cause irreparable injury to the Company and that, in addition to any other remedies that may be available, in law, in equity or otherwise, the Company will be entitled to obtain injunctive relief against the threatened breach of this Section 10 or the continuation of any such breach, without the necessity of proving actual damages. Any failure by the Company and/or the Company Parties to enforce rights held by them under thi...