INTELLECTUAL PROPERTY (EMPLOYMENT AGREEMENTS)
Other Names: Intellectual Property Rights • Ownership of Intellectual Property • Ownership of Work Product • Ownership of Inventions • Proprietary Rights
Sample Clause Language:
The Employee hereby assigns to the Company the Employee’s entire right, title and interest in and to all discoveries and improvements, patentable or otherwise, trade secrets and ideas and writings and copyrightable material, which are conceived, developed, reduced to practice, or acquired by the Employee (collectively, “IP”) during the Employee’s employment and which relate to the business of the Company or any of its Affiliates, parent companies or subsidiaries. The Employee further acknowledges that all original works of authorship which are made by the Employee (solely or jointly with others) within the scope of and during the period of his/her employment with the Company and which are protectable by copyright are “works made for hire,” as that term is defined in the United States Copyright Act. The Employee agrees to disclose promptly, fully and in writing all such IP to the Company. The Employee will upon the Company’s request, execute, acknowledge and deliver to the Company all instruments and do all other acts which are necessary or desirable to enable the Company or any of its Affiliates, parent companies, or subsidiaries to file and prosecute applications for, and to acquire, maintain and enforce, all patents, trademarks, and copyrights in all countries. [To the extent the Employee is bound by an employee handbook or contract provision that protects the Company’s intellectual property at least to the extent provided in this Section, the provision set forth in such employment handbook or contractual arrangement between the Employee and the Company will prevail and govern.]
Source: Alight Inc. / DE (2019, January 8). Form DRS/A. Retrieved from SEC EDGAR website http://www.sec.gov/edgar.shtml
Description:
Intellectual Property clauses indicate who will own any inventions, work product, and other intellectual property created, used, or disclosed under the agreement. The sample clause here is for employment agreements and is drafted in favor of the Employer. The Client will own all intellectual property created by the Service Provider. This short-form clause covers (1) assignment of work product to the Client, (2) further assurances, and (3) infringement.
Common Contracts with this Clause:
- Employment Agreements
What you'll see with Lawgood:
Two (2) Alternative Positions
- Short-Form
- Long-Form
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