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An Intellectual Property (IP) assignment agreement, also known as an IP transfer agreement, is a contract that transfers intellectual property rights from the creator to another entity, such as a holding company. This ensures that the startup owns the IP, protecting it from being claimed by founders, advisors, consultants, or third parties. Typically, founders develop IP individually or as a group before forming a company to commercialize it, making such agreements necessary to safeguard the IP's value. The Clara IP assignment agreement specifies that ownership of the IP is transferred to the holding company, and there must be an exchange of value involved in this transfer, which can include money, employment, property, or other forms of consideration.
