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An intellectual property assignment agreement, also known as an IP transfer agreement, is a contract that transfers rights to intellectual property from the creator to another entity, such as a holding company. This is crucial to ensure that the startup owns the IP, not the founders, advisors, or consultants who may have worked for the business. Founders typically create IP individually or as a group, then incorporate companies to commercialize the IP. The Clara IP assignment agreement transfers ownership of the IP to the holding company, with an exchange of value such as money, employment, or property. Protecting the IP is essential as it adds value to the holding company.
