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