An Intellectual Property Agreement is a legal document that outlines the assignment of various intellectual property - a transfer of intellectual property rights, title, and interest from one individual or entity (the assignor) to the other (assignee). It can be used to transfer rights in patents, software, copyrights, and trademarks. You can transfer these intangible assets separately or as a part of a large acquisition that includes other assets and stock - it is quite common in business.
A sub-type of this document is an Employee Intellectual Property Agreement - it covers the transfer of intellectual property created by the employee during their employment at the request and expense of the employer to the organization they worked for. This type of agreement is often completed in companies that specialize in developing new products or handling inventions.
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