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An intellectual property assignment agreement, also known as an IP transfer agreement, transfers rights of intellectual property from the creator to another entity, such as a holding company. This agreement ensures that the startup owns the IP and not the founders, advisors, consultants, or other third parties. Founders create IP individually or as a group, then incorporate companies to commercialize it. The Clara IP assignment agreement transfers ownership of IP to the holding company, with an exchange of value for the transfer. This agreement protects the IP developed for the startup, as it gives value to the holding company.
