IP Assignment Agreement
● Live Preview
Transfer intellectual property rights from founders, contractors, or employees to your company. Essential for startups to ensure clean IP ownership before fundraising.
An IP Assignment Agreement transfers ownership of intellectual property from one party (the assignor) to another (the assignee). For startups, this typically means founders and early contributors assign their IP rights to the company. This ensures the company—not individual founders—owns the technology, code, designs, and inventions that make the business valuable. Without proper IP assignment, your company may not actually own what you think it owns.
IP assignment is critical for several reasons:
A comprehensive IP assignment should cover:
The best time to handle IP assignment is at company formation—before any code is written or products are developed. However, it's never too late. If your company has been operating without proper IP assignment, execute these agreements now. Many companies discover this gap during their first funding round; addressing it proactively shows investors you take IP seriously. This generator creates assignments for any stage: formation, pre-funding cleanup, or ongoing contributor onboarding.
Valid IP assignment requires consideration—something of value exchanged for the rights transferred. For founders, this is typically their equity stake in the company. For employees, it's their salary and benefits. For contractors, it's payment for their services. The assignment should explicitly state the consideration to ensure enforceability. Our generator includes proper consideration language to create a binding transfer of rights.