What's An Invention's Assignment?

Written November 1, 2016

An Invention Assignment is an agreement where a founder or developer assigns intellectual property created pre-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.

Inventions Assignment clauses are also used in hiring to ensure that any IP developed is the property of the company and not the worker.