Define: Assigned Rights

all existing and future Future facing aspects may not be appropriate, particularly if the founder IP assignment is to be aligned with the founder entering into a services agreement (which should contain its own IP assignment provisions) Intellectual Property Rights that have been (or will be) created or are otherwise owned by the Assignor that: (i) arose (or will arise) as a result of any work done for the Assignee in his role as founder or in the course of any other engagement with the Assignee; or (ii) are used by the Assignee in its business, in each case This is broadly drafted and may need to be tailored to exclude any founder IP which should not be assigned across. Typically the company (and its investors) will expect a broad definition here. The assignee would need to consider the impact of any carve outs on the intended business of the company irrespective of whether the Intellectual Property Rights were created before or after the formation of the Assignee;

Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI