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An intellectual property (IP) assignment agreement is a contract that transfers ownership of IP from its creator to another entity, usually a holding company. This agreement ensures that the startup owns the IP, preventing founders, advisors, or other parties from claiming it. Typically, founders develop IP individually or as a team before incorporating a company to commercialize it. Protecting this IP is crucial as it adds value to the holding company. The IP assignment agreement specifies that ownership is transferred to the holding company, requiring an exchange of value, which can consist of money, employment, property, or other forms of consideration.
