Brad Feld

n these cases, an entrepreneur should work with corporate counsel to craft an agreement with which the adviser is comfortable but leaves no ambiguity regarding the IP ownership.

It is critical that in preparing for a financing, a startup be ready to demonstrate a clear, documented chain of title for all of its intellectual property

Every employee of a startup, including founders and each of the company’s executives, must sign a Proprietary Inventions and Assignment Agreement to protect the startup’s rights to its intellectual property