Example ContractsClausesmaterial intellectual propertyIdentical
Material Intellectual Property
Material Intellectual Property contract clause examples

If Participant has created, invented, designed, developed, contributed to or improved any works of authorship, inventions, intellectual property, materials, documents or other work product (including without limitation, research, reports, software, databases, systems, applications, presentations, textual works, content, or audiovisual materials) (“Works”), either alone or with third parties, prior to Participant’s employment by the Company, that are relevant to or implicated by such employment (“Prior Works”), Participant hereby grants the Company a perpetual, non-exclusive, royalty-free, worldwide, assignable, sublicensable license under all rights and intellectual property rights (including rights under patent, industrial property, copyright, trademark, trade secret, unfair competition and related laws) therein for all purposes in connection with the Company’s current and future business.

SeaWorld Entertainment, Inc. (SEAS) (CIK 0001564902)
Source: SEC EDGAR database • Date: May 7, 2021 • SIC: 7990 • CIK: 7990
SeaWorld Entertainment, Inc. (SEAS) (CIK 0001564902)
Source: SEC EDGAR database • Date: November 9, 2022 • SIC: 7990 • CIK: 7990

Draft better contracts
faster with AllDrafts

AllDrafts is a cloud-based editor designed specifically for contracts. With automatic formatting, a massive clause library, smart redaction, and insanely easy templates, it’s a welcome change from Word.

And AllDrafts generates clean Word and PDF files from any draft.