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In this video, attorney Eels from Potts Weinstein explains the process of formally transferring trademark ownership. This is necessary when a trademark needs to be owned by another individual or business entity, such as when selling a business or transitioning from a sole proprietorship to an LLC or corporation. To complete this transfer, the owner must file an assignment with the United States Patent and Trademark Office (USPTO). Eels directs viewers to the USPTO website, specifically the apply online section, where they can find the necessary forms for this process.