• Understand IP Ownership: The contractual relationship, key clauses, and physical location of IP creators are critical considerations.
• Copyright and Code: Computer code is protected by copyright, so ensure you have a clearly defined IP/copyright assignment agreement. Pro tip: The word ‘HEREBY’ carries significant legal weight.
• Professional Contracts Matter: High-quality legal documentation in your dataroom signals professionalism during legal due diligence (DD). Invest in expert legal help for drafting contracts.

Holistic Approach: Wealth creation, IP, and tax are distinct legal domains. Founders must carefully evaluate all three to avoid future pitfalls.