Contracts
IP assignment
A contract clause transferring ownership of intellectual property from the person who created it to someone else, typically from an employee or contractor to the company paying them.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
The contract assigns all IP to the client on payment.
Why it matters to you.
Contractors often keep their IP until they're paid, and keep the right to reuse general know-how. Read which you're signing.
Related terms.
Videos.
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