IP assignment is the contractual transfer of intellectual property ownership from individuals (founders, employees, contractors) to the company. It is typically executed through Proprietary Information and Inventions Agreements (PIIAs) signed by employees and Confidential Information and Invention Assignment Agreements (CIIAAs) signed by contractors, ensuring that all IP created during employment or in connection with services belongs to the company rather than the individual creator. IP assignment is foundational for company ownership of its product, technology, and competitive advantages, and missing IP assignments are one of the most-common cap-table cleanup issues discovered during diligence. It is one of the most-importan...