Common use of Release of Proprietary Information Clause in Contracts

Release of Proprietary Information. Employee recognizes that the Company possesses a proprietary interest in all of the Confidential Information and has the exclusive right and privilege to use, protect by copyright, patent or trademark, manufacture or otherwise exploit the processes, ideas and concepts described therein to the exclusion of Employee, except as otherwise agreed between the Company and Employee in writing. Employee expressly agrees that any products, inventions, discoveries or improvements made by Employee, his agents or affiliates based on or arising out of the information described in Section 4 shall be (i) deemed a work made for hire under the terms of United States Copyright Act, 17 U.S.C. § 101 et seq., and the Company shall be the owner of all such rights with respect thereto and (ii) the property of and inure to the exclusive benefit of the Company.

Release of Proprietary Information. Employee recognizes that the Company possesses a proprietary interest in all of the Confidential Information and has the exclusive right and privilege to use, protect by copyright, patent or trademark, manufacture or otherwise exploit the processes, ideas and concepts described therein to the exclusion of Employee, except as otherwise agreed between the Company and Employee in writing. Employee expressly agrees that any products, inventions, discoveries or improvements made by Employee, his agents or affiliates based on or arising out of the information described in Section 4 shall be (i) deemed a work made for hire under the terms of United States Copyright Act, 17 U.S.C. § ss. 101 et seq., and the Company shall be the owner of all such rights with respect thereto and (ii) the property of and inure to the exclusive benefit of the Company.