What is Intellectual Property Assignment? Plain English Explanation
Definition
An IP assignment clause transfers ownership of intellectual property (inventions, code, designs, writing, etc.) from one party to another. Once assigned, you no longer own the work you created.
Why It Matters in Contracts
Broad IP assignment clauses can capture work you do outside the contract, pre-existing IP you bring to the project, or even ideas you develop on your own time. Understanding exactly what you are giving away is critical.
Real-World Example
A software developer signs an employment agreement with a clause assigning all inventions to the employer, including side projects built on personal time with personal equipment. The developer creates a successful app on weekends and the employer claims ownership.
What to Watch For
- 🔴Assignment of ALL intellectual property without exceptions
- 🔴Includes work done outside business hours or off company equipment
- 🔴No carve-out for pre-existing IP
- 🔴Assignment survives termination of the contract
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Disclaimer: This glossary entry is for educational purposes only and does not constitute legal advice. Consult a qualified attorney for guidance on your specific situation.