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An intellectual property (IP) assignment agreement, or IP transfer agreement, is a contract that transfers IP rights from the creator to another entity, such as a holding company, ensuring that the startup owns the IP rather than founders, advisors, or third parties. This is crucial when founders develop IP individually or collectively before incorporating a company to commercialize it. Protecting the IP is essential as it provides value to the holding company. The Clara IP assignment agreement includes clauses that state the ownership transfer from the creator to the holding company, requiring an exchange of value, which can be in the form of money, employment, property, or other considerations.
