Common use of Personal Inventions Clause in Contracts

Personal Inventions. Inventions that Provider or its Personnel develop entirely on its or their own time without using Gen’s equipment, supplies, facilities, or proprietary information, and that do not relate to Gen’s business or result from work performed for Gen under the MPA (“Personal Inventions”), do not belong to Gen. If Provider believes it or its Personnel have created Personal Inventions during term of the MPA with Gen, Provider must inform Gen. Provider hereby agrees not to incorporate, or permit to be incorporated, Personal Inventions in any Assigned Inventions, Developments or Gen product or service in the course of performance of the MPA. Notwithstanding the foregoing, if, in the performance of the MPA with Gen, a Personal Invention is incorporated into any Assigned Invention, Developments, or Gen product or service, then you hereby grant to Gen, under all applicable intellectual property rights, an irrevocable, perpetual, worldwide, transferable, royalty-free, fully paid-up license to make, have made, modify, use, offer to sell, sell, import, export, reproduce, prepare derivative works of, perform, display, distribute and otherwise exploit such Personal Invention, including the right to sublicense these rights to others. (e)

Appears in 2 contracts

Sources: Master Purchase Agreement, Master Purchase Agreement