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An IP assignment agreement is a contract that transfers rights to intellectual property from the creator to another entity, such as a holding company, to ensure that the startup owns the IP. Founders typically create IP individually or as a group and then incorporate companies to commercialize that IP. The Clara IP assignment agreement includes assignment clauses to transfer ownership of the IP to the holding company. The transfer requires an exchange of value, which can include money, employment, or property. Protecting the IP developed for the startup is essential as it adds value to the holding company.
