This type of contract is referred to as a licensing agreement.
Writtent Blog
MAY 10, 2021
For startup businesses or businesses seeking investment and/or a liquidity event, it is important to have this type of agreement in place for all independent contractors to evidence that company IP is properly protected, i.e. there can be no argument of whether the company or the independent contractor owns the IP. TA) to 1 (GA).
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