A
allun2000
Guest
What is the name of your state? NY
I signed a document including the clause (see quoted part). I designed trading strategies for a financial firm. How much leeway do I have in using the same/similar strategies for another firm??? Does it make a difference between those strategies that I brought to the firm and those that I learned during my employment?? Does it matter if I left voluntarily or is fired???
Any positive input is greatly appreciated. Thank you in advance for your help.
"To the greatest extent possible, all work products shall be owned exclusively by Employer. Employee hereby unconditionally and irrevocably transfers and assigns to Employer all rights, title and interest Employee may have in or to any and all Work Product, including, w/o limitation, all patents, copyrights, tradermarks, service marks and other IP rights arising out the Work Product. Employee agrees to execute and deliver to Employer any transfers, assignments, documents or other instruments which Employer may deem necessary or appropriate to vest complete title and ownership of any and all such Work Product, and all rights, therein, exclusively in Employer.
Work Product means any and all work product property, data documentation or information or any kind prepared, conceived, discovered, developed or created by Employee for Employer or its affiliates' clients or customers for utilization in Employer's business, not generally known by or not readily ascertainable by proper means by other persons who can obtain economic value
I signed a document including the clause (see quoted part). I designed trading strategies for a financial firm. How much leeway do I have in using the same/similar strategies for another firm??? Does it make a difference between those strategies that I brought to the firm and those that I learned during my employment?? Does it matter if I left voluntarily or is fired???
Any positive input is greatly appreciated. Thank you in advance for your help.
"To the greatest extent possible, all work products shall be owned exclusively by Employer. Employee hereby unconditionally and irrevocably transfers and assigns to Employer all rights, title and interest Employee may have in or to any and all Work Product, including, w/o limitation, all patents, copyrights, tradermarks, service marks and other IP rights arising out the Work Product. Employee agrees to execute and deliver to Employer any transfers, assignments, documents or other instruments which Employer may deem necessary or appropriate to vest complete title and ownership of any and all such Work Product, and all rights, therein, exclusively in Employer.
Work Product means any and all work product property, data documentation or information or any kind prepared, conceived, discovered, developed or created by Employee for Employer or its affiliates' clients or customers for utilization in Employer's business, not generally known by or not readily ascertainable by proper means by other persons who can obtain economic value