Common use of Ideas and Inventions Clause in Contracts

Ideas and Inventions. Executive agrees that all right, title and interest in or to any and all Inventions are the property of the Company. For the purposes of this Agreement, "Inventions" shall mean all ideas, concepts, know-how, techniques, processes, methods, inventions, discoveries, developments, innovations and improvements (i) conceived or made by Executive, whether alone or with others, in the course of Executive's employment by the Company, or (ii) conceived or made by Executive, whether alone or with others, in the course of Executive's employment, but which reach fruition within the period from the date of termination of Executive's employment through the second anniversary of such date, and which either (A) involve or are reasonably related to the business of the Company or to the Company's actual or demonstrably anticipated research or development; or (B) incorporate or are derived from, in whole or in part, any of the Confidential Information. Executive agrees to promptly disclose all Inventions to the Company, 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. Executive agrees to execute, acknowledge and deliver any instruments confirming the complete ownership by the Company of such Inventions. Such assistance shall be provided at the Company's expense without any additional compensation to Executive.