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An Intellectual Property Assignment Agreement is a contract that transfers rights to intellectual property from the creator to another entity, such as a holding company. This agreement ensures that the startup owns the IP and not the founders, advisors, or consultants. Founders typically create IP individually or as a group before incorporating companies to commercialize the IP. The Clara IP Assignment Agreement transfers ownership of the IP to the holding company, with an exchange of value required for the transfer. This agreement is important for protecting the IP developed for the startup, as it adds value to the holding company.
