Invention Clause Samples
The Invention clause defines the ownership and rights related to any inventions or intellectual property created during the course of an agreement or employment. Typically, it specifies whether inventions made by an employee or contractor, especially those developed using company resources or within the scope of their work, belong to the employer or the individual. For example, if an employee invents a new software tool while working for a company, this clause clarifies who holds the rights to that invention. Its core function is to prevent disputes over intellectual property by clearly allocating ownership and usage rights, ensuring both parties understand their entitlements.
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Invention. The term “
Invention. 11.1 Where the Institution, the Fellowship Applicant, any member of the Project Team or any other person employed, used or engaged in relation to the Project has invented any new product or new process in the course of or as a result of the Project (“the Invention”), the Invention and any patent application or patent arising in respect of it shall, subject to the provisions set out below, be held by the Government and the Institution as co-owners of equal undivided shares.
11.2 Neither party shall submit any patent application without the written consent of the other party, provided that where the Government is not desirous of paying the fees, costs, charges and expenses connected with obtaining the patent for the Invention, the Government shall be entitled to assign its share or interest in the patent application(s) to the Institution at a consideration to be negotiated in good faith and agreed by the parties at the relevant time.
11.3 Where a patent application is to be filed by the parties as co-owners, all fees, costs, charges and expenses connected with obtaining, maintaining and protecting the patent (or patents) arising out of the Invention and preventing infringement shall be borne and paid by the parties in equal proportions.
11.4 Neither party shall assign or charge its share or interest in any patent application or patent(s) or grant a licence under any patent arising out of the Invention to any third party without the written consent of the other.
11.5 All profits arising from the use of the Invention or arising from the exploitation or sale of any such patent or from licences granted under it shall be divided equally between the parties.
11.6 For the avoidance of doubt, it is hereby declared that the provisions of this Clause shall survive the expiration, completion or termination of this Agreement, howsoever occasioned.
Invention. For purposes of this Agreement, the term "Invention" means ideas, discoveries, and improvements whether or not shown or described in writing or reduced to practice and whether patentable or not, relating to any of HFC's present or future sales, research, or other business activities, or reasonably foreseeable business interests of HFC.
Invention. Without prejudice to the provisions of the Copyright Act and the Patent Act, employees are obliged to notify the employer of any potentially patentable invention produced or co- produced by them in connection with the performance of their job.
Invention any invention, idea, discovery, development, improvement or innovation, whether or not patentable or capable of registration, and whether or not recorded in any medium.
Invention. Any invention or discovery that is or may be patentable or otherwise protectable under Title 35 of the United States Code.
Invention. The term “Invention” shall mean an invention, discovery, improvement, modification, enhancement or creation, in each case whether or not patentable.
Invention. Any invention or discovery which is or may be patentable, or otherwise protectable under Title 35 of the United States Code (U.S.C.), or any novel variety of plant which is or may be protected under the Plant Variety Protection Act (7 U.S.C. 2321 et seq.).
Invention. For purposes of this Agreement, the term “Invention” means ideas, discoveries, and improvements, whether or not shown or described in writing or reduced to practice, and whether patentable or not, relating to any of the Company’s present or future sales, research, or other business activities, or reasonably foreseeable business interests of the Company.
Invention. Within the context of this Article, an “