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An IP assignment agreement is a contract transferring rights to intellectual property from the creator to another entity, such as a holding company, ensuring ownership for the startup. Founders typically create IP individually or as a group before incorporating a company to commercialize it. The Clara IP assignment agreement includes clauses stating ownership transfer from creator to holding company, with exchange of value such as money, employment, or property. This agreement protects the IP developed for the startup, which adds value to the holding company.
