EMPLOYEE ACKNOWLEDGEMENT OF PROPRIETARY
RIGHTS UPON TERMINATION
To Be
Placed On Employer Letterhead
To Be
Addressed To Employee
Please
execute in the appropriate space provided at the bottom of this letter. The purpose of this letter is fo[Section
Deleted - Included In Full Licensed Versionnfirm
that we have advised you with respect to the proprietary rights of the company
and your continued obligations with respect to all such information.
You
hereby acknowledge and agree:
1.
Through
the course of your employment with the Company, you have been involved in
and contributed to the development of certain items that are proprietary to
the Company and have been expo[Section
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Company. These items may have included items that are copyrightable, subject
to trademark protection, trade secrets, confidential, subject to patent protection,
or otherwise considered by the Company to be proprietary in nature. They include
things such as business and marketing plans, strategic development plans,
financial information, market studies, promotional plans, advertising, computer
programs and source codes, databases and database en[Section
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sites, system documentation, computer algorithms, data, enhancements and improvements,
training programs, customer inquiries and complaints, modification reports,
customer lists, and other information and materials that are of a strategic
importance to the Company. These items are all assets of the Company and are
of considerable business and strategic advan[Section
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is protected under copyright law, trade secret law, patent law, trademark
law, and a variety of state laws and under provisions that are included in
any confidentiality agreement, employment agreement or other agreement that
you may have signed and under the general employme[Section
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the Company.
2.
You
acknowledge and agree that your contributions to the development of all proprietary
information of the Company was done in the course and within the scope of
your employment and that all work product[Section
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your efforts is the property of the Company.
3.
You
acknowledge that the [Employment Agreement; [Section
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employment with the Company, as well as the Company Policy On Proprietary
Information, state that all such work product is the proprietary property
of the Company.
4.
You
acknowledge and agree that all of the work product that you developed or contributed
to, directly or indirectly, during your term of employment with the Company,
were “works made for hire” as defi[Section
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of such work product for Copyright Law purposes.
5.
Upon
your termination, you must refrain from any use, disclosure or exploitation
of all proprietary information of the Company, including such proprietary
information that was developed through your ef[Section
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claims all copyrights and other legal protection in and to such information
and as such, any use by you of such information will be an infringement on
the rights of the Company, in addition to be[Section
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of any agreement that you may have signed and this Agreement. Certain of the Company’s proprietary information
is also protected under state and federal trade secrets laws which your use
or disclosure of such information would also violate.
6.
Prior
to departing from the Company facilities, you shall turn over all items in
your possession that contain any proprietary information of the Company. By executing in the space provided below you
certify, acknowledg[Section
Deleted - Included In Full Licensed Version
the Company have been delivered to the Company and that you are no longer
in possession of any such materials.
7.
You
acknowledge and agree that all Company pro[Section
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is of substantial value and strategic importance to the Company and that disclosure
or use of the same will cause irreparable injury to the Company and its prospects.
As such, you agree that damages and injury to the Company in the event
of unaut[Section
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Company will be entitled to equitable relief, including but not limited to
injunction against the unauthorized use and disclosure of any Company proprietary
information. You agree that these equitable remedies are
appropriate forms of relief.
BY SIGNING
BELOW, YOU ACKNWOLEDGE AND AGREE THAT YOU HAVEP REVIOUSLY ENTERED INTO AN
AGREEMENT WITH THE COMPANY RESTRICTING YOU FROM DISCLOSURE O[Section
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AND THAT YIU UNDERSTAND THAT THE TERMS OF THOSE RESTRICTIONS CONTINUE INDEFINATELY
FOLLOWING THE TERMINATION OF YOUR EMPLOYMENT WITH THE COMPANY.
YOU FURTHER ACKNOWLEDGE THAT YOU HAVE READ AND UNDERSTAND COMPANY POLICIES
WITH RESPECT TO PROTECTION OF PROPRIETARY INFORMATION AND THAT YOU WI[Section
Deleted - Included In Full Licensed VersionNS
CONTRARY THERETO.
YOU ATTEST
THAT YOU HAVE READ AND FULLY UNDERSTAND THIS DOCUMENT AND THE CONSEQUENCES
THEREOF AND THAT YOU ARE IN AGREEMENT WITH ALL OF THE[Section
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HEREIN.
FOR
THE COMPANY
By:__________________________
[Corporate Officer or Personnel Director]
I hereby
acknowledge and
Agree
to the forgoing terms:
___________________________
Departing
Employee
Executed
this _____ day of _______________, 20__.