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Free legal form · Ip Assignment

IP Assignment Agreement.

IP Assignment Agreement transferring intellectual property to the company. For founders, employees, and contractors.

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When to use

Right for these situations.

When to use
Forming a company

Founders assign all prior IP.

When to use
Hiring an employee or contractor

Clear ownership of work product.

When to use
Preparing for fundraising

Investors require IP assignment for diligence.

When to use
Preparing for acquisition

Acquirers require IP ownership chain.

Common mistakes

What to avoid.

Mistake
Missing IP assignment from founders

Founder personal IP must be assigned.

Mistake
No future IP provision

Inventions during engagement may not be assigned.

Mistake
No prior IP disclosure

What is and is not assigned becomes ambiguous.

Mistake
Conflict with prior employment

Address explicitly.

FAQ

Common questions.

Do founders need IP assignment?
Yes. Critical at incorporation.
What about employees?
Yes. Standard in offer letters or separate agreement.
What about contractors?
Critical. Without explicit assignment, you may not own work.
Notarize?
Generally no.

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