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[Music] what is an intellectual property assignment agreement an IP assignment agreement or IP transfer agreement is a contract that transfers rights to intellectual property from the creator to another entity such as your holding company it ensures that your startup owns the IP and not the founders advisors consultants or other third parties who have wiped for your business when do you need an IP assignment agreement typically founders work individually or as a group to create IP then they incorporate companies to commercialize that IP you need to protect the IP which has been developed for your startup because this is what gives value to your holding company what does the Clara IP assignment agreement do the assignment clauses state that the ownership of the IP is transferred from the creator to your holding company there must be an exchange of value for the transfer which may take the form of money employment property or other things in Clara's IP assignment agreement the consideration is $1 the agreement also defines what IP is being transferred to the holding company and its rights to that IP for example code written by developers your holding company may also need assistance to fully capture those IP rights including registering the IP in its name the agreement also requires the assignor to provide assistance with IP registration and other things so your holding company will own those rights why do you need an IP assignment agreement any investor thinking about investing in your startup will require that the IP associated with the business has been transferred to the holding company [Music] you