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An IP assignment agreement transfers rights to intellectual property from the creator to another entity like a holding company. This ensures that the startup owns the IP and not the founders or other third parties. Founders create IP individually or as a group and then incorporate companies to commercialize it. An IP assignment agreement is crucial to protect the IP developed for the startup, as this is what adds value to the holding company. Clara's IP assignment agreement includes clauses that transfer ownership of the IP to the holding company in exchange for money, employment, property, or other forms of value.
