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An IP assignment agreement is a contract that transfers intellectual property rights from the creator to another entity, like a holding company, ensuring that the startup owns the IP. This is important as it gives value to the holding company, not the founders or third parties. The Clara IP assignment agreement includes clauses transferring ownership of IP to the holding company in exchange for value, such as money, employment, or property. It is needed when founders create IP individually or as a group, then incorporate companies to commercialize the IP.
