Common use of INDUSTRIAL AND INTELLECTUAL PROPERTY Clause in Contracts

INDUSTRIAL AND INTELLECTUAL PROPERTY. Executive acknowledges that all improvements, inventions, know-how and discoveries, technology, patents, copyrightable materials, computer programs, designs, documentation, processes, techniques or procedures in any way related to the Corporation's business which are developed, invented, or written by Executive alone or together with others, including all derivative works, during the course of Executive's employment with Corporation, or at any time using Confidential Information ("Developments") are the exclusive property the Corporation: Executive will fully disclose all Developments to the Corporation and hereby waives all moral rights in all Developments as of the moment they are created and transfers all interest in all Developments, including all derivative works, exclusively to the Corporation on a world-wide, royalty-free basis as of the moment they are created and, as required by the Corporation, will protect the Corporation's interest in such Developments. Executive agrees to execute any documents which the Corporation feels are necessary to enable the Corporation to apply for or enforce its patent, copyright, industrial design, trademark right, or any other industrial or intellectual property rights in the Developments.