7.Intellectual Property Rights
The Company is entitled to all work results and intellectual property (including, but not limited to, patents, designs and copyrights) created by the Employee in the course of the Employment and in performance of his/her contractual obligations (whether individually or with the assistance of any other individual or entity). All such intellectual property and work results vest irrevocably in the Company. This transfer and assignment of work results and intellectual property, including in particular copyrights, is worldwide, unlimited in time, unrestricted in scope and encompasses all rights and exploitations, whether currently known or arising in the future.
If any rights related to the work results and/or to intellectual property are not transferred by law, the Employee hereby transfers and hereby assigns such rights upon their creation. To the extent certain jurisdictions do not provide for the assignability of work results or intellectual property and related rights, the Employee hereby grants to the Company upon their creation an exclusive, worldwide, transferable, unlimited in time, irrevocable, sublicensable, fully paid-up and unrestricted license to in particular but not limited to reproduce, sell and offer to sell, manufacture, import, export, modify, develop, transfer, distribute, display publicly, broadcast, and otherwise exploit such work results, intellectual property and related rights. Compensation for the transfer of said rights, in particular intellectual property rights or their licensing, respectively, is included in the Base Salary. The transfer of rights and the granting of rights of use also comprise work results and intellectual property rights which will be created in the future and concerns also future and not yet known rights of use. The Company acquires in particular the right to change, revise or translate. As allowable by law, the Employee waives his/her right to exercise any moral rights, to be mentioned as inventor or originator or to object to any change, revision or translation.
If any intellectual property right concerning inventions or designs is created in the course of or in connection with the Employment, but outside of the accomplishment of a contractual duty, the Employee shall promptly inform the Company in writing. The Company hereby reserves title and ownership over such rights and commits to inform the Employee within six (6) months of its intent to acquire such ownership and title or to renounce this prerogative. If Company chooses to acquire the title and ownership over the work result