X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
CONFIDENTIALITY AND INTELLECTUAL PROPERTY AGREEMENT
THIS AGREEMENT sets forth the understandings between you and TELECT, INC.(“Telect”) concerning your treatment of confidential and proprietary informationand concerning any inventions you may make in connection with your employment byTelect. RECITALS A. Telect and its subsidiaries are engaged in a business which is highly dependent upon confidential technology and know-how, and which is uniquely vulnerable to harmful disclosures of confidential information by employees and former employees; B. Telect requires certain undertakings from you as a condition to (i) Telect’s engagement of you as an employee or (ii) Telect’s continuation of your employment and grant to you of options to purchase Telect’s common stock; C. You acknowledge that either item (i) or item (ii) of Recital B constitutes adequate consideration for your undertakings pursuant to this Agreement. AGREEMENT 1. Definitions. For purposes of this Agreement, the terms below shall have thefollowing meanings: (a) “Proprietary Information” shall mean information not publiclyknown, whether or not in writing, related to the business activities of Telector its subsidiaries, including, but not limited to, technical and scientificinformation, manufacturing information, research information, financialinformation, marketing information, employee lists, customer lists, and businessplans. Proprietary Information shall also include, but not be limited to,confidential information about third parties for which Telect or itssubsidiaries has a nondisclosure obligation of any kind. (b) “Invention” shall mean any discovery, design, improvement,method, process, new concept or new idea, of any nature, whether or notpatentable or copyrightable, whether or not reduced to practice, whetherconceived or discovered individually or jointly with others, and whether or notrelated to your scope of employment by or duties to Telect or its subsidiaries. 2. Proprietary Information. (a) Unless you have received the prior written consent of Telect: (1) You shall not at any time during or after youremployment with Telect, directly or indirectly disclose any ProprietaryInformation except to another employee of Telect or its subsidiaries whoseresponsibilities require knowledge of the Proprietary Information; you shallalso not discuss or mention Proprietary Information in circumstances where suchdiscussion or mention could possibly be overheard by unauthorized persons; and (2) You shall not reproduce or publish or make any director indirect use of any Proprietary Information, except for purposes directlyrelated to your duties on behalf of Telect or its subsidiaries. (3) You shall exercise the utmost care to protect thesecrecy of the Proprietary Information and shall maintain and protect allProprietary Information while in your possession and implement adequate safeguards to ensure that unauthorized personsdo not have access to the Proprietary Information. (b) Upon termination of your status as an employee of Telect, youshall deliver to Telect all originals and copies in your control or possessionof documents, objects, designs, drawings, photographs, or written informationwhich describe, depict, or contain any Proprietary Information. You agree thatthe product of any services performed by you in the course of your employment orengagement by Telect, including, but not limited to, Proprietary Information,shall be the property of Telect. 3. Inventions (a) Employee’s Rights In Inventions. (i) Previous Employee Inventions. In the space provided below, or on a separate sheet attached to this Agreement, you may list all Inventions: (a) that you made prior to your employment with Telect; and (b) that you claim belong to you or that you claim an interest in; and (c) that relate to Telect’s or its subsidiaries’ businesses or proposed businesses and products; and (d) in which you wish to retain all claimed ownership rights (“Employee Inventions”). If you have not listed any Employee Inventions, you acknowledge and agree that no such Employee Inventions exist. You understand that your listing of any Employee Invention(s) here does not constitute an acknowledgement by Telect or any of its subsidiaries of your ownership of such Employee Invention(s). Employee Inventions: Title ————————— Date ————————— Identifying Number or Brief Description ————————— ____ (Check as applicable) You have attached a separate sheet listing Employee Inventions. (ii) Future Employee Inventions. Telect acknowledges and agrees, as provided by applicable state law, that any Inventions: (a) that you develop entirely on your own time; and (b) that you —- develop without using Telect’s or its subsidiaries’ equipment, supplies, facilities, or trade secret information; and (c) that — do not result from any work performed by you for Telect or its subsidiaries; and (d) that do not directly relate at the time — of conception or reduction to practice to the business of Telect or its subsidiaries, or actual or demonstrably anticipated research or development of Telect or its subsidiaries, will be owned entirely by you, even if developed by you during the time period in which you are employed by Telect. (b) Telect’s Rights In Inventions. (i) Disclosure. You agree to make full written disclosurepromptly to Telect of any and all Inventions that you develop during or as theresult of your employment at Telect. (ii) Assignment of Inventions to Telect. You agree that allInventions that: (a) have been or are developed using the equipment, supplies,facilities or Proprietary Information of Telect or its subsidiaries, (b) haveresulted from or have been or are suggested by work performed by you for Telector its subsidiaries, or (c) which have been or are conceived or reduced topractice during your employment at Telect and which directly relate to thebusiness, or actual or demonstrably anticipated research or development ofTelect or its subsidiaries (“Telect Inventions”), will be the sole and exclusiveproperty of Telect, and you will and hereby do assign all your right, title andinterest in such Telect Inventions to Telect. (iii) Assignment of Moral Rights to Telect. In addition,you hereby transfer and assign “moral” rights that you may have in any TelectInvention(s) under any copyright or other law, whether U.S. or foreign. Youagree to waive and never to assert any such “moral” rights in Telect Inventionsduring or after the termination of your employment with Telect. You agree thatTelect, its subsidiaries and licensees are not required to designate you as theauthor of any Telect Inventions when distributed. You also agree that Telectretains sole discretion with regard to how and for what purposes, if any, suchTelect Invention(s) are used. (c) Protection of Telect Inventions. You agree (at Telect’s expense) to assist Telect or any ofits applicable subsidiaries in every proper way to obtain and to help Telect orany of its applicable subsidiaries enforce patents, copyrights, and other legalprotections for Telect Inventions in any and all countries. You agree topromptly execute any documents that Telect may reasonably request for use inobtaining or enforcing such patents, copyrights and other legal protections. Youacknowledge that all original works of authorship that have been or are made byyou (solely or jointly with others) within the scope of your employment atTelect, and that are protectable by copyrights, are “works made for hire,” asthat term is defined in the United States Copyright Act (17 U.S.C. Section 101).To the extent any work does not constitute a work made for hire, you agree toassign all rights, title, and interest in any copyright pertaining thereto. 4. Prior Employment. You understand that Telect is not employing you toobtain any information which is the property of any previous employer or anyothers for whom you have performed services. You agree to not, in performingservices for Telect or its subsidiaries, make use of information which is theproperty of and/or confidential information of any employer or other person orentity for whom you have performed services. You represent and warrant that youare not currently subject to any contractual or other secrecy restriction whichwould prevent or materially limit you from carrying out your duties for Telector its subsidiaries. In the event that you seek new employment, you agree tonotify each new employer, prior to accepting your employment, of the existenceof this Agreement. You agree to indemnify and hold Telect and its subsidiaries,officers, directors, employees and agents harmless from any loss, liability ordamage arising out of the inaccuracy of the foregoing representation andwarranty. 5. Notice of Unauthorized Disclosure. You agree to immediately notifyTelect of any actual or potential misuse, misappropriation or unauthorizeddisclosure of Proprietary Information or violation of this Agreement by anycurrent or former employee of Telect or any third party that may come to yourattention. 6. Assignment. Telect may assign all rights and obligations under thisAgreement. 7. Equitable Relief. You acknowledge that any violation by you of any ofthe provisions of this Agreement may cause Telect and its subsidiariesirreparable injury. You therefore agree that Telect shall be entitled, inaddition to any remedies it may have under this Agreement or at law, toinjunctive and other equitable relief to prevent or curtail any breach of thisAgreement by you. 8. No Waiver. No waiver of any of the terms or provisions of thisAgreement shall be valid unless in writing and signed by the party against whichthe enforcement of such waiver is sought, nor shall any waiver or failure toenforce any right hereunder be deemed to be a waiver of the same or any otherright in any other instance. 9. Enforcement Costs. In any action to enforce its rights hereunder, theprevailing party shall be reimbursed by the other for its costs of enforcement,including, without limitation, reasonable attorney’s fees and costs of appeal. 10. Governing Law. Telect and you intend that this Agreement be governedby and enforced to the greatest extent permitted by the laws of the State ofWashington. If any provisions of this Agreement, on their face or as applied toany person or circumstance, are or become unenforceable to any extent, theremainder of this Agreement and the application of such provisions to otherpersons, circumstances or extents, will not be affected and will continue inforce. 11. Amendments. All amendments of this Agreement shall be made in writingand signed by the parties. No oral amendment shall be binding on the parties. 12. Entire Agreement; Survival. This Agreement is intended to be theparties’ complete expression of the terms of their agreement with respect to thesubject matters addressed herein. Any prior agreements, understandings orstatements, oral or written, with respect to such subject matters are supersededhereby and fully merged herein. This Agreement is not intended to be and shallnot constitute an employment contract. Telect shall have no obligationwhatsoever to continue to employ you at any time. You agree that yourobligations hereunder shall survive any termination of your employment,regardless of the reason, or lack thereof, for such termination, or the amountof any compensation received in connection therewith. 13. NO CHANGE TO AT WILL STATUS. NOTHING CONTAINED IN THIS AGREEMENTALTERS THE AT WILL STATUS OF YOUR EMPLOYMENT WITH TELECT, INC. IN WITNESS WHEREOF, the parties hereby execute this Confidentiality andIntellectual Property Agreement as of the date set forth next to the parties’signatures. TELECT: TELECT, INC. By: ————— Its: ————— Date: ————— EMPLOYEE: ————— Print name: ————— Date: ————— Address: ————— ————— —————

This content has been archived. It is available exclusively through our partner LexisNexis®.

To view this content, please continue to Lexis Advance®.

Not a Lexis Advance® Subscriber? Subscribe Now

Why am I seeing this?

LexisNexis® is now the exclusive third party online distributor of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® customers will be able to access and use ALM's content by subscribing to the LexisNexis® services via Lexis Advance®. This includes content from the National Law Journal®, The American Lawyer®, Law Technology News®, The New York Law Journal® and Corporate Counsel®, as well as ALM's other newspapers, directories, legal treatises, published and unpublished court opinions, and other sources of legal information.

ALM's content plays a significant role in your work and research, and now through this alliance LexisNexis® will bring you access to an even more comprehensive collection of legal content.

For questions call 1-877-256-2472 or contact us at [email protected]

 
 

ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.