Inventions Assignment

An invention assignment is an agreement where a founder or developer assigns intellectual property created post-incorporation over to the startup. In an inventions assignment, the founder or developer will acknowledge that all IP developed solely or jointly with the other co-founders or developers is the property of the startup and not owned by the individual. An inventions assignment can also be used to list all “prior inventions” that relate to the startup’s business in which the founder wishes to retain individual ownership.