What is Intellectual Property Assignment?
Nexa Consultancy | Startup & Finance Glossary
A legal agreement that transfers ownership of intellectual property from one party (e.g., an employee or consultant) to another (the company). This is critical for startups.
Startup Example: A startup hires a freelance developer to build its mobile app. Without a signed IP Assignment agreement, the developer could legally claim ownership of the code, creating a massive risk for the company. All employee and consultant contracts must have this clause.
Our Corporate Law services include drafting these essential agreements.