Creation of Intellectual Property. All persons retained, commissioned, employed or otherwise engaged by any Group Company from time to time and who, in the course of such engagement created, discovered, conceived or developed work in which Intellectual Property subsists or might reasonably have been expected to subsist, are bound by agreements with the relevant Group Company whereby all such Intellectual Property vests in that Group Company and all moral rights are irrevocably and unconditionally waived. All such agreements contain terms which prevent such parties disclosing confidential information about that Group Company and its business. No such person has, or has made any claim to, any right, title or interest in or in respect of such Intellectual Property or to any compensation or remuneration in relation to such Intellectual Property, whether under section 40 Patents Act 1977 (or equivalent law or regulation in any jurisdiction) or otherwise.
Appears in 1 contract
Sources: Sale Agreement
Creation of Intellectual Property. All persons retained, commissioned, employed or otherwise engaged by any Group Company from time to time and who, in the course of such engagement created, discovered, conceived or developed work in which Intellectual Property subsists or might reasonably have been expected to subsistsubsists, are bound by agreements with the relevant Group Company whereby all such Intellectual Property vests in or is assigned to that Group Company and all moral rights are irrevocably and unconditionally waived. All such agreements contain terms which that prevent such parties disclosing confidential information about that Group Company and its businessCompany’s Confidential Information. No such person has, or has made any claim to, any right, title or interest in or in respect of such Intellectual Property or to any compensation or remuneration in relation to such Intellectual Property, whether under section 40 Patents Act 1977 (or equivalent law or regulation in any jurisdiction) or otherwise.
Appears in 1 contract
Sources: Agreement for the Sale and Purchase of Shares and Loan Notes (Interactive Strength, Inc.)
Creation of Intellectual Property. All persons retained, commissioned, employed or otherwise engaged by any Group the Company from time to time and who, in the course of such engagement created, discovered, conceived or developed work in which Intellectual Property subsists or might reasonably have been expected to subsist, are bound by agreements with the relevant Group Company whereby all such Intellectual Property vests in that Group the Company and all moral rights are irrevocably and unconditionally waived. All such agreements contain terms which prevent such parties disclosing confidential information about that Group the Company and its business. No such person has, or has made any claim to, any right, title or interest in or in respect of such Intellectual Property or to any compensation or remuneration in relation to such Intellectual Property, whether under section 40 Patents Act 1977 (or equivalent law or regulation in any jurisdiction) or otherwise.
Appears in 1 contract
Sources: Agreement for the Sale and Purchase of Shares (Instil Bio, Inc.)