How a Financial Services Business Hired a Lawyer to Draft an IP Assignment Agreement in California

In 2021, a business in California sought assistance with drafting an intellectual property assignment agreement. The client had co-owned a software product since 2014 and aimed to formalize the sale of their share to a partner through a revenue share arrangement lasting approximately four years. The client's primary concerns included clarifying the revenue share terms based on different income types and ensuring immediate transfer of full ownership over the code to facilitate investor fundraising. As a result, the client received six proposals from qualified lawyers, with flat fee bids ranging from $350 to $2,500, all submitted in line with the client's deadline of less than a week.