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May 2, 2017 brian prokopowich0
An Invention Assignment Agreement, often known as an Intellectual Property (“IP”) Transfer Agreement, is an agreement where one party assigns its intellectual property rights to the other party, either absolutely or subject to compliance with the terms of the underlying agreement.

This means the inventor (eg. software developer) assigning his/her rights can no longer claim the property as their invention. The property now belongs to the person to whom the rights have been transferred.

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This blog was co-authored by Vi Vo & originally posted by Farrah Roahman

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