Assignment of IP

The assignment of intellectual property (IP) refers to the process by which ownership of work product created for an entity by an employee or consultant is transferred to the entity. This is usually achieved by having an employee or consultant sign an agreement that includes an explicit assignment of IP created during the course of their services to the company. For employees, this is often called either a Confidentiality and Inventions Assignment Agreement (CIIAA) or Proprietary Information and Inventions Assignment Agreement (PIIAA).