Why is the "Intellectual Property Agreement" important for a Startup?

IP Rights agreement means a contract executed between two or more persons for the purchase and sale of intellectual property rights (for example Trademark, Patent, Copyright, Trade secrets, etc.,). It sets out the rights and responsibilities of each concerning intellectual property that may be created during the transfer of rights. It is also known as intellectual property transfer agreement or intellectual property assignment agreement made to protect the person from third party interference or exploitation of IP. It is an essential document that prevents and protect your creation, products or ideas and transfer of rights and obligations may be made subject to mutually agreed payment of fees/royalties on that behalf so as enable the proper secure assignment of it and can be customized as per individual needs of the business in pretext to their intellectual property and give assurance to the investors wherever applicable of its genuine and legal transfer.

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