Agreement For Assignment of Inventions, Covenant Against Disclosure and Agreement Not To Compete
Agreement For Assignment of Inventions, Covenant Against Disclosure and Agreement Not To Compete
2. Assignment: I hereby assign and agree to assign, at any time at the request of the
Employer, to the Employer, its successors, assigns or nominees, all my rights, title
and interest in or to such concepts, designs, inventions, improvements, and
developments, patentable or unpatentable, which during the period of my
employment with the Employer or with its predecessor or successor in business or
with any entity associated with Employer, I have made or conceived, or which,
while still in the employment of my Employer, I hereafter may make or conceive,
either solely or jointly with others: (a) with the use of the Employer’s time,
material, or facilities; and/or (b) resulting from or suggested by my work for the
Employer or contact with other employees of Employer; and/or (c) in any way
pertaining to any subject matter which shall be within the existing or contemplated
business of the Employer. All such concepts, designs, inventions, improvements,
and developments shall automatically be deemed to be the property of the
Employer as soon as made or conceived. My obligation to assign the rights to such
property shall survive the discontinuance or termination of my employment with
Employer for any reason. I acknowledge and agree that all copyrightable
proprietary information prepared by me within the scope of my employment with
the Employer are "works made for hire" and, consequently, that the Employer owns
all copyrights thereto. I hereby expressly waive in favour of the Employer any moral
rights, artist’s rights or other rights of authorship under the relevant copyright laws
or other intellectual property rights (which rights otherwise cannot be assigned or
transferred to the Employer) in and with respect to any concepts, designs,
inventions, improvements, developments or other copyrightable works that I may
conceive, develop, devise, make, invent, or suggest during my employment with the
Employer.
Y.Avinash
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 L&T
7. Prior Inventions: If, prior to the date of execution of this Agreement, I have made or
conceived any unpatented inventions, improvements, concepts, designs, or
developments, whether patentable or unpatentable, which I desire to have excluded
from this Agreement, I have attached to this Agreement a complete list and brief
description thereof.
(a) To accept and retain such data and information in complete confidence and, at
all times during and after the termination of my employment with the
Employer, not to disclose or reveal such data or information to others and
refrain from using such data for purposes other than those purposes
authorised in writing by the Employer.
(c) To turn over to the Employer all written or descriptive matter containing any
confidential or proprietary information or data upon termination of my
employment, or sooner, at the request of the Employer.
(d) To keep the contractual relationship of the Employer with its suppliers,
licensors, and customers confidential. I further agree not to disclose any
supplier, licensor, or customer relationships.
Y.Avinash
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 L&T
I also agree that for a period of two years after my termination of employment with
the Employer, I will not contact, communicate, or have any business dealings with,
either directly or indirectly, any Client of the Employer. “Client” includes those who
are clients of the Employer on the date of termination of this agreement as well as
those who were clients of the Company at any time two years prior to the
termination of this agreement. For avoidance of doubts, I understand that my
obligation of "not compete" as mentioned in this agreement will apply to all Clients
of the Employer or customers of Clients on whose projects I am deputed or
assigned whilst being in the employment of the Employer.
I further agree that during my term of employment with Employer, I shall devote
my skills and best efforts to the service of Employer and not perform any activities
for any competitor of Employer.
10. Agreement not to solicit employees: I acknowledge and stipulate that the Employer
is engaged in a highly competitive business and its success depends upon the
quality and availability of its personnel. I also acknowledge that my employment
with the Employer provides me with access to employees of the Employer and
information about them.
In view of this, I agree not to solicit employees of the Employer either for myself or
for any other person, firm, partnership, trust or corporation either directly or
indirectly while I am in the employment of the Employer and for a period of two
years after my employment contract with the Employer is terminated for
whatsoever reason. For this purpose, “employees” shall include those who have
been employees of the Employer at any time during the two years period prior to
the date of termination of my contract of employment.
11. Reasonable Scope: I acknowledge and stipulate that the Employer is engaged in a
highly competitive business and that its success depends upon the quality of its
personnel and the confidentiality concerning its products, services, systems, and
methods. I also acknowledge and stipulate that the restrictions placed on me are
reasonable in terms of duration and scope of activities. I stipulate that the said
restrictions are no broader than is reasonably necessary to protect the Employer
and do not unreasonably interfere with my right to earn a living. I further agree
that any breach of any provision of this agreement will cause the Employer and/or
its Clients irreparable harm and therefore that upon any such breach or any threat
Y.Avinash
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 L&T
In the event that any provision of this agreement is deemed to be overly broad and
unenforceable, the parties hereto stipulate and agree that any court of competent
jurisdiction shall have the right to so limit, amend, or construe said provision so
that the same shall be enforceable and hereby request the court to so act.
12. Severability: Each paragraph and provision of this agreement is severable from the
agreement and if one provision or part thereof is declared invalid, the remaining
provisions shall nevertheless remain in full force and effect.
13. Waiver: No term or provision of this agreement will be considered waived by the
Employer, and no breach consented to by the Employer, unless such waiver or
consent is in writing signed on behalf of the Employer’s authorized representative.
No consent to or waiver of a breach of this agreement by the Employer, whether
express or implied, will constitute a consent to, waiver of, or excuse for any other,
different, or subsequent breach of this agreement by me. No delay of omission of
the Company in exercising or enforcing any of its rights or remedies hereunder
shall constitute a waiver hereof.
14. Entire Agreement: This Agreement shall inure to the benefit of and be binding
upon my heirs, executors, administrators, and assigns and the successors and
assigns of the Employer.
EMPLOYEE:
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 L&T
I agree that, in consideration for using L&T Technology Services Limited (“LTTS”)
computer hardware, software and all other equipment and devices as part of my
employment, I recognize and will abide by the following conditions:
I will judiciously use the Information Technology resources provided to me and I will not
exploit the organizational resources for my own personal gain/pecuniary advantage.
Resources include both tangible assets like equipment and facilities etc. or intangible
assets like designs, information, software, or network with suppliers/customers, etc.
I will abide by the IT and Information Security policies which get updated from time to
time in LTTS Policy Portal.
I hereby agree that I will use applications, IT Systems and IT infrastructure provided for
execution of the activities in connection with any business transactions involving LTTS /
L&T Group companies and / or its clients, by following Information Security guidelines
and avoid being a victim to Phishing or risking LTTS / L&T Group companies and / or its
clients systems getting hacked and \ or sensitive data getting compromised.
I hereby agree that I will NOT use any identity, information and data provided by
LTTS/L&T Group companies and / or its clients for any personal use or gain either directly
or indirectly. I hereby agree that I will always keep above mentioned identity, information
and data, secure and protected and comply with data privacy laws to maintain a healthy
and secure working environment.
I hereby agree that I will use authorized and licensed software provided by LTTS. I hereby
also confirm that I will NOT use any un-authorized and \ or pirated and \ or cracked
software for execution of business transactions involving LTTS and / or its clients. I am
aware that according to the copyright laws, illegal reproduction of software can be
subject to civil damages, and criminal penalties including fines and imprisonment.
E-mail forms a major portion of business communication. I will comply with the E-mail
Usage Guidelines, key ones being the following:
I will not use my official email id for my personal usage / personal registration purposes
Like social media, public sites, etc.
I will not send any LTTS /client email containing confidential and official information to
my personal email id.
I will not use LTTS email system to transmit messages or attachments which contain
intimidating or harassing mails, junk or spam mails, purposefully sending virus infected
mails, etc.
The Management has the right to access all e-mail files created, received or stored on
LTTS's system without prior notification to the respective user.
Y.Avinash
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 L&T
I will not share LTTS provided identity and system credentials, which are assigned to me. I
will be personally held responsible for any misuse of these credentials.
I will not perform or get involved in any illegal activities like cybercrime, phishing attacks,
crypto mining, spreading malware, hacking systems, etc.
I am aware that all Information Security Incidents should be brought to the notice of LTTS
IT Security team.
In the event of infringement or breach, I am aware that LTTS does not offer protection to
any employee from prosecution by the owner, developer, maker, distributor, or licensor of
the original commercial software
Any violation of the above obligations and the Information Security Policies will be dealt
with appropriate Organizational disciplinary action, which includes termination from
services.
Avinash Yadavalli
Employee’s Name: _____________________________
Signature: _____________________________________
2021.10.02 13:01:38
+05'30'
Date: _________________________________________
Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169 L&T