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An IP assignment agreement is a contract that transfers rights to intellectual property from the creator to another entity, such as a holding company. This ensures that the startup owns the IP and not the founders, advisors, consultants, or third parties involved. 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 required for the transfer, such as money, employment, or property. This protects the IP developed for the startup and adds value to the holding company.
