Common use of Ideas and Inventions Clause in Contracts

Ideas and Inventions. Executive agrees to assign to the Company all of Executive's right, title and interest in or to any and all ideas, concepts, know-how, techniques, processes, inventions, discoveries, developments, works of authorship, innovations and improvements ("Inventions") conceived or made by Executive, whether alone or with others, whether patentable or not, except those that the Executive developed entirely on Executive's own time without using the Company's equipment, supplies, facilities, or trade secret information and which neither (1) relate at the time of conception or reduction to practice of the invention to the Company's business, or actual or demonstrably anticipated research or development of the Company nor (2) result from any work performed by the Executive for the Company. Executive agrees to disclose all Inventions to the Company promptly, and to provide all assistance reasonably requested by the Company in the preservation of its interests in the Inventions (such as by executing documents, testifying, etc.), such assistance to be provided at the Company's expense but without any additional compensation to Executive.

Appears in 8 contracts

Sources: Employment Agreement (Microage Inc /De/), Employment Agreement (Gumtech International Inc \Ut\), Employment Agreement (Microage Inc /De/)

Ideas and Inventions. Executive agrees to assign to the Company all of Executive's ’s right, title and interest in or to any and all ideas, concepts, know-how, techniques, processes, inventions, discoveries, developments, works of authorship, innovations and improvements ("Inventions") ”), conceived or made by Executive, whether alone or with others, whether patentable or not, except those that the Executive developed entirely on Executive's ’s own time without using the Company's ’s equipment, supplies, facilities, or trade secret information and which neither (1) relate at the time of conception or reduction to practice of the invention to the Company's ’s business, or actual or demonstrably anticipated research or development of the Company Company, nor (2) result from any work performed by the Executive for the Company. Executive agrees to disclose all Inventions to the Company promptly, and to provide all assistance reasonably requested by the Company in the preservation of its interests in the Inventions (such as by executing documents, testifying, etc.), such assistance to be provided at the Company's ’s expense but without any additional compensation to Executive.

Appears in 1 contract

Sources: Employment Agreement (Matrixx Initiatives Inc)