If you are hiring an employee to invent or develop a work product, the rights to those inventions and work products are yours if they were created at your request and expense.
However, ownership of intangible assets is not affected by the mere acquisition of shares in a company.
Simply put, the company owns the intellectual property, not the employee(s).
A technology assignment agreement assigns your startup any intellectual property before you form the company.
It is not uncommon for an individual or a business to want to assign their intellectual property (“IP”) rights to another individual or entity.
This might be in the context of employment or otherwise, but in any case, an Intellectual Property Assignment Agreement is a useful contractual agreement used to facilitate the assignment of IP.