This is an extract from a software developer Intellectual Property Agreement:
“Intellectual Property Rights”: patents, rights to Inventions, utility models, copyright and neighboring and related rights, trademarks, trade names and domain names, rights in get-up, goodwill and the right to sue for passing off, unfair competition rights, rights in designs, rights in computer software, software application development rights, database rights, topography rights, rights to use and preserve the confidentiality of information (including know-how and trade secrets) and any other intellectual property rights, in each case whether registered or unregistered and including all applications (or rights to apply) for and be granted, renewals or extensions of, and rights to claim priority from, such rights and all similar or equivalent rights or forms of protection which subsist or will subsist now or in the future in any part of the world.
“Invention”: any invention, idea, discovery, development, improvement or innovation, whether or not patentable or capable of registration, and whether or not recorded in any medium.
Further, and in the alternative, all Employment IPRs and Employment Inventions Intellectual Property Rights insofar as they are capable of prospective assignment, are hereby assigned by the Employee to the Branch. To the extent that any such Intellectual Property rights cannot be prospectively assigned, Employee undertake to assign all such Intellectual Property Rights as and when they are created or promptly thereafter.
The worrying part is marked in bold and italic format in the above, plus the last 2 quotes from below (also marked in bold and italic format)
Does this mean that if the employee leaves the company, and then creates or gain an intellectual property right, does the company own that right ? Because the definition of Intellectual Property Rights states: in the future
Note that before the above extract comes the definition of Employment IPRs and Employment Inventions, which are not worrying because they restrict the rights to the ones created during the course of his employment
“Employment Inventions”: any Invention which is made wholly or partially by the Employee at any time during the course of his employment with the company (whether or not during working hours or using Branch premises or resources, whether or not recorded in material form, and which relate in any way whatsoever, directly or indirectly and/or is developed for the benefit of the Branch or Branch’s clients or business prospects).
“Employment IPRs”: Intellectual Property Rights created by the Employee in the course of his or her employment with the company