AGREEMENT BINDING EMPLOYEE
GOOD AND VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, and
in further consideration of being employed by ________________ (hereinafter
"Company"), I, _________________________, intending to be legally
bound, agree as follows:
I. During the tenure of my employment, I agree
to inform the Company of any inventions, improvements, or refinements for
processes or equipment that may come about as a result of my employment or as a
result of any research ideas discussed in a collaborative effort with another
employee of said Company; OR that may come about while using the Company's
equipment and plant, or on Company time or in conjunction with any other
Company employee; OR related to any aspect of or line of business of the
Company, either currently operating or currently being planned to operate.
II. I hereby convey and relinquish to the
Company all rights and title to any of the inventions, improvements or
refinements subject to paragraph I. above, which I may create.
III. I will sign and execute any document
required by the Company to register, perfect and protect any patent that may
come about by my efforts on behalf of the Company.
IV. This agreement shall continue in force after
cessation of my employment with the Company, whether voluntary or at the
discretion of the Company.
Public: ______________________ My commission expires on: ___________